JAKARTA (Yosefardi) – Property developer PT Intiland Development Tbk (DILD) booked profit attributable to owner of Rp130.4 billion in the first half of 2014, dropped 34.6% from Rp199.9 billion in the same period of 2014.
Revenue increased 16.5% to Rp993.4 billion from previous Rp852 billion but cost of goods sold and direct cost jumped 43.2% to Rp596 billion from earlier Rp416 billion.
Operating expenses also rose 28.9% to Rp254.3 billion from previous Rp196.8 billion. Then operating profit dropped 40% to Rp143 billion from Rp239 billion in the first half of 2014.
DILD’s assets reached Rp9.55 trillion while liability amounted Rp5.05 trillion. It has cash and cash equivalent of Rp453 billion.