Information systems are a foundation for conducting business today. In many industries, survival and even existence is difficult without extensive use of information technology. Information systems play a vital role in the e-business and e-commerce operations, enterprise collaboration and management, and strategic success of businesses. Information systems have become essential for helping organizations operate in a global economy. Organizations are trying to become more competitive and efficient by transforming themselves into digital firms where nearly all core business processes and relationships with customers, suppliers, and employees are digitally enabled. Businesses today use information systems to achieve six major objectives: operational excellence; new products, services, and business models; customer/supplier intimacy; improved decision making; competitive advantage; and day-to-day survival.
II. COMPANY PROFILE
PT Bukit Darmo Property Tbk is an Indonesian-based property development company. It is engaged in the operation of a mix use development, The Adhiwangsa Golf Residence, Suite Hotel and Serviced Residence, and a retail mall named Lenmarc Mall, both located in Surabaya, Indonesia. Its business segments are real estate or construction, which covers the construction of condominium units, and marketing services. The Company’s subsidiaries are PT IPAC Graha Sentosa, PT Sentra Multi Unggul, PT Multi Unggul Sejahtera Utama and PT Mitra Multi Unggul.
For the nine months ended 30 September 2010, PT Bukit Darmo Property Tbk’s revenues totaled 42.38 billion Rupiah, rose 38% from 30.71 billion Rupiah in the previous year. The Company’s net loss totaled 1.95 billion Rupiah versus a profit of 3.35 billion Rupiah. Revenues reflect higher income from apartment sales. Net loss reflects an increase in cost of sales, an increase in general and administrative expense, higher depreciation expense and higher rental expense.