PT Lippo Karawaci Tbk (LPKR) in the first quarter of 2021 posted a net profit of Rp256 billion compared to the same period last year with a loss of up to Rp2.15 trillion.

An increase in revenue of around 9.9% to Rp3.41 trillion from Rp3.1 trillion in the period last year supported the profit.

The company also pocketed a profit from associates of around Rp1.33 billion from a similar period last year, a loss of about Rp47.94 billion.

The company's EBITDA also grew by 31% to Rp924 billion from Rp704 billion.

Pre-sales in the first quarter of 2021 also rose by around 86%, representing 37% of the pre-sales target for this year, Rp3.5 trillion.

"In 2021, our property business continues to show improvement, especially in terms of pre-sales. Pre-sales in the first quarter of 2021 grew by 86% YoY to Rp1.31 trillion. While the hospital business continues to show positive signals along with increasing vaccinations, LPKR CEO John Riady