Modernland Aims for Rp4 Trillion in Marketing Sales in 2020
Monday, 20 April 2020
PT Modernland Realty Tbk (MDLN) aims for Rp4 trillion in marketing sales this year or 9% higher than in last year. However, with the situation with Covid-19 currently, MDLN estimates that the marketing sales may decline by 10%-20% but this condition will only last temporarily. This year, MDLN allocates Rp1.3 trillion capital expenditure from its internal funding to acquire 500 hectares of land area and to fund the launch of its new projects.
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