JAKARTA (Yosefardi) – PT Gowa Makassar Tourism Development Tbk (GMBT) booked profit attributable to equity of Rp44 billion in the first quarter of 2015, grew by 11.7% from Rp39 billion in the same period of 2014. Net profit margin was 46.2%.

Net sales increased 11.7% to Rp95 billion from previous Rp85 billion. Operating profit rose 10.2% to Rp47 billion from earlier Rp42 billion. Operating profit margin was 49.2%.

Its assets reached Rp1.55 trillion while liability amounted Rp839 billion. GMTD’s market capitalization reaches Rp777 billion with price earning ratio of 4.4 times. (rully@yosefardi.biz)