JAKARTA (Yosefardi) – Property developer PT Bumi Serpong Damai (BSD) Tbk (BSDE) booked net profit of Rp794 billion in the first quarter of 2015, jumped 57% from Rp504 billion in the same period of 2014.
Revenue rose 29% to Rp1.62 trillion, of which land and building assets sales accounted for Rp1.34 trillion, a 84% growth.
Gross profit margin increased to 79% while net profit margin rose to 49% from earlier 40%. Its current assets reached Rp14 trillion with cash of Rp4.7 trillion.