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CTRA – VAT Subsidy Boosts Marketing Sales

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Ajeng Kartika Hapsari
Ajeng Kartika Hapsari
Analyst - Property, Construction
Ajeng Kartika Hapsari
Latest posts by Ajeng Kartika Hapsari (see all)
  • CTRA – Focused in Developing New Cluster in Existing Projects - December 8, 2021
  • PWON – Economic Recovery Boosts Recurring Income - December 1, 2021
  • PTPP – Targeting National Strategic Project (PSN) Contracts - November 22, 2021

CTRA successfully booked stellar performance in 1Q21. Amid the pandemic, revenue and profit grew significantly by 22.6% YoY and 37.1% YoY. Marketing sales in 1Q21 also have reached 32% of target. Supported by government-born VAT subsidy and vast development land, we estimate the increase of marketing sales to reach 8%-9% this year.

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