JAKARTA (Yosefardi) – Property developer PT Ciputra Development Tbk (CTRA) booked marketing sales of Rp4.8 trillion as of August 2015.

The achievement is below target, then the company cuts its target for this whole year to Rp9.48 trillion from Rp10.9 trillion.

CTRA reported 20% decline in profit attributable to owner to Rp478.8 billion in the first half of 2015, compared to Rp600.5 billion in the same period of 2014.

Revenue rose 10% to Rp3.09 trillion from previous Rp2.8 trillion. Its assets reached Rp24.57 trillion while liability amounted Rp12.75 trillion. CTRA has huge cash and cash equivalent of Rp2.73 trillion.