PT Sentul City Tbk (BKSL) in the first quarter of 2021 posted a net profit of Rp239 billion and revenue of  Rp463 billion.

President Director of PT Sentul City Tbk Tjetje Muljanto said the company's financial performance in the first quarter of 2021 improved significantly compared to the performance in 2020. In the first quarter of 2020, BKSL recorded a loss of Rp190 billion.

"In the midst of Indonesia's economic conditions which were hit by the negative effects of the COVID-19 pandemic and the decline in consumer purchasing power, in the first quarter of 2021 we have succeeded in carrying out performance improvement measures such as cost savings and strategic asset sales so that the company's revenue in the first quarter of 2021 was Rp463 billion has exceeded the total sales in 2020 of Rp452 billion," he said on Thursday (1/7).

BKSL also completed a land sale and purchase transaction with PT Genting Properti Nusantara and PT