- Business
- PT Pikko Land Development Tbk engages in real estate development and property investment in Indonesia; it develops and sells apartments, offices, and residential properties including Sahid Sudirman Residence, Signature Park, and Botanica Residence; it also invests in shares of stocks and various property assets such as land and apartment units, with involvement in construction, management, rental, and renovation of buildings, shopping malls, industrial complexes, sport and recreation areas, roads, and bridges. Founded in 1984 as PT Roda Panggon Harapan and headquartered at Sahid Sudirman Residence, 3rd Floor, Jl. Jend. Sudirman No. 86, Central Jakarta, the company changed its name to PT Pikko Land Development Tbk in October 2012, listed on the Indonesia Stock Exchange in 2001 under ticker RODA.JK, and operates primarily in the Indonesian market across general trading, agency, contractor, industry, transportation, printing, agriculture, real estate, plantations, and mining sectors. Recent financial reporting for the year ended December 31, 2024, highlights inventories and land for development totaling Rp1.8 trillion, representing 54% of total assets, alongside ongoing revenue from apartments (Rp94.58 billion), offices (Rp7.55 billion), and asset enhancements (Rp4.04 billion); the company held its annual and extraordinary shareholders' meeting in June 2024, reflecting continued operational focus amid market challenges including revenue declines in key segments.