PT Intiland Development Tbk (DILD) recorded operating revenues in the first quarter of 2021 of Rp551 billion, down 34% from the same period last year of Rp831 billion.

In the first three months of this year, DILD posted a net profit of Rp3 billion, down 96% from the first quarter of 2020 net profit of Rp84 billion.

DILD has total assets in Q1-2021 of Rp15.97 trillion and total equity in Q1-2021 of Rp6.05 trillion. As of March 31, 2021, the total landbank is 2,356.1 hectares (ha), of which the undeveloped landbank is 2,048.2 ha, and the developed landbank (inventory) is 307.9 ha.

Director of PT Intiland Development Tbk (DILD) Archied Noto Pradono said the COVID-19 pandemic that had occurred since March 2020 had a significant impact on the economy at large, including the national property sector.

"Currently the best momentum for consumers and investors to purchase property," he said on Wednesday (23/6).

The property market, a