In 3Q21, PWON booked a profit of IDR257 billion (+117.8% YoY). Meanwhile, real estate sales that went up 102.5% YoY boosted the company’s revenue to IDR1.32 trillion (+23.9% YoY). If the relaxation of PPKM continues well into 2022, PWON will benefit from it, since the company has a larger recurring income contribution than other property issuers.
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