BSD Posts 57% Profit Growth

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...

Greenwood Cuts Capex to Rp1.1 Trillion

JAKARTA (Yosefardi) – Property developer PT Greenwood Sejahtera Tbk (GWSA) has cut its capital expenditure (capex) to Rp1.1 trillion for 2015-2016, from initial plan of of Rp2.7 trillion The cut in capex is due to the delay in two projects expansion in Jakarta (The...