Lippo Cikarang, Bekasi, Indonesia. Tuesday,  28 February 2017. PT Lippo Cikarang Tbk (“LPCK”) today announced audited financial results for the financial year ended Desember 31, 2016. Amid macroeconomy’s slowdown and weakening of the Rupiah, the Company reported Total Revenue of Rp1,54 trillion, Gross Profit of Rp711 b‎illion, EBITDA of Rp600 billion and Net Profit of Rp540 billion.

Toto Bartholomeus, President Director of PT Lippo Cikarang Tbk, said:  “LPCK’s achievement in Revenue and Net Income for the year 2016 were in line with the slowdown in Indonesia’s property sector. However, with LPCK’s investment scale in the infrastructure, we believe LPCK will soon bounce back to sustain its growth and profitability.”

The Residential Housing & Apartment’s Revenues of Rp703 billion representing 46% from Total Revenue. Revenue from Commercial and Shophouses of Rp336 billion contributed 22% from Total Revenue while Revenue from Industrial of Rp240 billion comprising 15% from Total Revenue.

LPCK’s Recurring Revenue increased by 13% to Rp267 billion in 2016 from Rp237 billion in 2015, contributing 17% fromTotal Revenues in 2016.

Total Assets were slightly increased by 3% to Rp5,65 trillion from Rp5,48 trillion in 2015.

LPCK has prepared Orange County as a sustainable project for future growth.

Orange County is a world class mixed-use development– the Globally Connected City, as a hub of business activities and lifestyle in Eastern Jakarta corridor, on an area of ​​322 hectares, with estimated project value of Rp250 trillion. Six residential towers have already been launched and 87% sold. The 5th and 6th apartment towers are a joint venture between Lippo Group and Mitsubishi Corporation, Japan.

Lippo Cikarang received numerous awards for its achievements in 2016 such as: IndonesiaGreenAward 2016 from LaTofi School of CSR by Category ‘Water Retention’, on May 21, 2016

1. BTN Property Award 2016 as the Reviews Largest Integrated Property Developers in Cikarang area, on May 23, 2016
2. Indonesia Property Award 2016 from Indonesia Property Magazine for the Category of ‘The Well Integrated Industrial Estate’. This Award was granted for the great achievement in the field of industrial property on August 24, 2016
3. CSR Award 2016 from La Tofi School of CSR, for Mini Nursery Program and Planting 1,000 Trees on October 17, 2016
4. Nusantara CSR Award 2016 from La Tofi School of CSR for Category ‘Health Improvement, Health and Medical Counseling Program Guide’ on October 17, 2016
5. Trifecta Award from Forbes Magazine to win in three consecutive years. This Award proved that LPCK has achieved great achievement for three consecutive years’ on October 20, 2016
6. Top 50 Best of the Best Indonesian Companies Award 2016 from Forbes Magazine. The Award is granted to the companies that achieved outstanding performances In term of Revenue, Net Income and Return on Equity on October 20, 2016

LPCK is an urban developement with a total area of more than 3.000 hectares with industrial area as its base economy. LPCK has succeeded in building more than 14.000 landed houses, with a population of 50,720 residents and 484,300 people working daily in 993 manufacturing companies which spread out in Lippo Cikarang industrial area.

LPCK is a subsidiary of PT Lippo Karawaci Tbk (“LPKR”), Indonesia’s leading and largest listed property company by total assets and revenues, anchored by a large land bank and solid recurring income. LPKR’s business comprises of residential/township, retail malls, hospitals, hotels and asset management.

LPCK is listed on the Indonesian Stock Exchange with a market capitalization of Rp3,51 trillion or US$261 billion as of December 30th, 2016.

For further information, please contact:

Dea Thamrin
Head of Corporate Secretary
PT Lippo Cikarang Tbk
Telp.021-897 2484/2488

Hong Kah Jin
Director
PT Lippo Cikarang Tbk
Telp.021-897 2484/2488
www.lippo-cikarang.com