JAKARTA (Yosefardi) – Developer and real estate company PT Duta Pertiwi Tbk (DUTI), member of Sinarmas Group, booked net profit of Rp332 billion in first half of this year, grew by 26% from Rp264 billion in the same period of last year. Earning per share (EPS) was Rp156.10.
Operating income increased to Rp760 billion from previous Rp709 billion while cost of goods sold reached Rp223 billion. Its assets totaled Rp6.88 trillion while liability amounted Rp1.43 trillion.
The company has entered into a Conditional Share Purchase Agreement (CSPA) with Hallenstein Limited on June 5, 2013. Execution of the CSPA in connection with the purchase of shares of PT Wijaya Pratama Raya (WPR) by the Company from Hallenstein about 86,731,096 shares or representing 64.25%.
The value of Proposed Transaction is Rp268 billion will be financed through internal cash. The effect of the Proposed Transaction is expected to achieve an integrated business in the Company’s property business, which WPR’s business activities are primarily currently manages shopping centers DP Mall in Semarang, which is a business activity that are complementary and integrated with activities of the Company’s business trade center.