Indonesia: Bakrieland Development profit more than doubled in Q1/2008
In the first quarter of 2008 PT Bakrieland Development posted a net profit increase of 116.5% to IDR 30.1 billion from IDR 13.9 billion in the same period of 2007.
The profit increase was attributed to a 83.4% rise in sales from IDR 111.4 billion in the first quarter of 2007 to IDR 204.3 billion in 2008. Bakrielands operating profit also grew 159.2 % to IDR 50.8 billion compared to IDR Rp 19.6 billion in the first quarter of 2007.
CEO Hiramsyah Thaib expects to meet the revenue target of IDR 1.1 trillion.
PT Bakrieland Development is a publicly listed property developer and develops real estate and resorts projects for the middle-to-high-income markets, such as Rasuna Epicentrum in Kuningan, South Jakarta, and the Legian Nirwana Suites and Residences in Kuta, Bali. Additionally to several middle-lower-income residential properties, such as the Sentra Timur Residence in Pulogadung, East Jakarta the company also invests in infrastructure projects.
Ich bin seid August 2007 dabei. Was machen sie mal das der Kurs steigt.
Comment by Manfred Rupp — May 23, 2008 @ 10:03 am