Sinarmas Land Posts 7.6% Profit Growth

SINGAPORE (Yosefardi) – SGX-listed Sinarmas Land Limited (SML) booked net profit of S$18.4 million in the first half (1H) of 2015, grew by 7.6% from the same period of 2014. Revenues rose 19.5% to S$518.4 million on the back of strong contribution from project...

Hanson Acquires 2 Property Firms

JAKARTA (Yosefardi) – PT Hanson International Tbk (MYRX) has acquired 2 property firms, PT Binadaya Wiramaju and PT De Petroleum International, based in Tangerang and Maja, Banten province. Hanson once wanted to become a major energy player, but later on divested most...

Jakarta Setiabudi Posts 21% Profit Drop

JAKARTA (Yosefardi) – Property developer PT Jakarta Setiabudi Internasional Tbk (JSPT) booked profit attributable to equity of Rp108 billion in the first half of 2015, dropped 21% from Rp137 billion in the same period of 2014. Sales and revenue declined 2% to Rp566...

Cowell Suffers Loss Rp119.79 Billion

JAKARTA (Yosefardi) – Though sales jumped 69.8%, property developer PT Cowell Development Tbk (COWL) suffered loss of Rp119.79 billion in the first half of this year. It booked net profit of Rp13.08 billion in the same period of last year. Net sales reached...