Jakarta, November 1, 2024 PT MNC Land (IDX: KPIG) or the Company announced its financial statements for the nine-month period that ended on September 30, 2024. The Company recorded a net revenue of Rp1.3 trillion in 9M-2024, an increase of 19.9% year-on-year (yoy) compared to Rp1.0 trillion in the same period last year. MNC Land's revenue was primarily driven by the hotel and resort segment, which contributed 54.9% of the total revenue, followed by property management and other services at 33.5%; office space rental at 9.3%; and the apartment and other properties segment at 2.3%. The hotel and resort segment, as KPIG's largest revenue generator, posted a 17.8% yoy jump, from Rp584.5 billion in 9M- 2023 to Rp688.7 billion as of September 2024.