JAKARTA (Yosefardi) – Property developer PT Bumi Serpong Damai (BSD) Tbk (BBSDE) booked net profit of Rp2.33 trillion in first nine months of this year, soared 25% from Rp1.04 trillion in the same period of last year. Earning per share (EPS) was Rp123.01.
Revenue jumped 60% to Rp4.22 trillion from previous Rp2.63 trillion. Cost of revenue also rose to Rp1.08 trillion. Operating expense totaled Rp862.4 billion, then operating profit was Rp2.28 trillion.
Revenue from property segment totaled Rp247.93 billion and hotel Rp87.56 billion. While real estate contributed Rp3.89 trillion revenue.
Its assets totaled Rp21.47 trillion while liability amounted Rp8.67 trillion. The company has cash and cash equivalent of Rp3.82 trillion. BSDE shares was traded flat at Rp1630 Wednesdy (Oct 30), which might reflect PE multiple 9.94 on annualized EPS.
Meanwhile PT Duta Pertiwi Tbk (DUTI), subsidiary of BSD, reported net profit of Rp637.49 billion, grew 49% from previousRp428.29 billion. Revenues increased 7.6% to Rp1.24 trillion from Rp1.15 trillion a year earlier.