Profile of Summarecon Agung: A Leading Indonesian Property Developer
The company profile of Summarecon Agung (SMRA) has been added to our catalogue of Indonesian Companies in the Business Section. Summarecon Agung is an Indonesian real estate construction and development company. Having around 40 years of experience, the company is one of the leading property firms in Indonesia, particularly with regard to township development. Its projects include residential as well as commercial development (supported by infrastructure and facilities), shopping malls, hotels and golf courses.
In the first nine months of 2013, Summarecon Agung posted an impressive 91.6 percent growth in net profit to IDR 875 billion (USD $76.1 million) from the same period last year. The company's revenues grew 38.2 percent to IDR 3.04 trillion (USD $264.3 million) year-on-year.
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Summarecon Agung's Financial Highlights:
| 2010 | 2011 | 2012 | |
| Net Revenues | 1,701 | 2,359 | 3,463 |
| Gross Profit | 753 | 1,047 | 1,592 |
| Net Income | 233 | 392 | 798 |
| Operating Income |
399 | 564 | 1,011 |
| Total Assets | 6,140 | 8,099 | 10,879 |
| Total Liabilities | 3,982 | 5,622 | 7,064 |
| Earnings per Share¹ | 35 | 57 | 115 |
| Cash Dividend per Share¹ | 10 | 23 | n.a. |
| P/E Ratio (x) | n.a. | 37,5 | 18,4 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Summarecon Agung, Annual Report 2012
Future Forecast Summarecon Agung's Financial Highlights:
| 2011 | 2012 | 2013F | 2014F | 2015F | |
| Net Revenues | 2,359 | 3,463 | 4,125 | 4,767 | 5,460 |
| Net Income | 392 | 798 | 1,194 | 1,373 | 1,489 |
| Earnings per Share¹ | 57 | 115 | 83 | 95 | 103 |
| P/E Ratio (x) | 37,5 | 18,4 | 12,3 | 10.7 | 9,9 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: RHB OSK Securities