PT Lippo Karawaci Tbk Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022
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PT Lippo Karawaci Tbk reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was IDR 3,335,867 million compared to IDR 3,794,212 million a year ago. Revenue was IDR 3,311,065 million compared to IDR 3,671,452 million a year ago. Net loss was IDR 567,552 million compared to net income of IDR 255,849 million a year ago. Basic loss per share from continuing operations was IDR 8.02 compared to basic earnings per share from continuing operations of IDR 3.62 a year ago.
PT Lippo Karawaci Tbk is an Indonesia-based company, which is engaged in property development. The Company operates in four segments: Holdco, Real Estate Development, Healthcare, and Lifestyle. Holdco segment serves as a cost center, encompasses companies involved in investment activities, as well as parent companies and subsidiaries of public entities. Real Estate Development segment comprises, among others, activities in real estate in urban development and development of facilities and its infrastructure, memorial park, town management and water sewage treatment, and real estate in large scale integrated development project and its infrastructure development. Healthcare segment comprises of health services. Lifestyle segment comprises, among others, activities in managing shopping center, hotels and restaurants, food business, recreation center, transportation and maintenance services, parking, consumer financing and management services.
PT LIPPO KARAWACI TBK 
