Summarecon's Revenue and Profit Grow Significantly Alongside Its 50th Anniversary Momentum

PT Summarecon Agung Tbk (Summarecon) once again recorded positive financial performance, achieving the highest record in the company's history in its Annual Report. Throughout 2024, the company's revenue reached IDR 10.62 trillion, an increase of 59.5%, and the company's net profit hit a record high of IDR 1.84 trillion, up 74.2% compared to the previous year. These achievements were disclosed in Summarecon's Annual General Meeting of Shareholders (AGMS) report on Thursday, June 12, 2025.

The Property Development unit, which includes residential and commercial sales, recorded revenue of IDR 7.50 trillion in 2024, an 86% increase from IDR 4.04 trillion in the previous year. The Investment Property unit experienced an increase to IDR 2.15 trillion in 2024. This 24% revenue increase stemmed from a rise in mall rental income, which grew by IDR 388 billion. The Other Business unit saw its revenue increase to IDR 967 billion, or up 10% in 2024. This increase primarily came from the hospitality business, driven by improved occupancy rates and average room rates.

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