JAKARTA (Yosefardi) – Property developer PT Jakarta Setiabudi Internasional Tbk (JSPT) booked profit attributable to equity of Rp50.4 billion in the first quarter of 2015, declined 13.8% from Rp84.4 billion in the same period of 2014.
Sales and revenue fell 5.7% to Rp282 billion from previous Rp299 billion. Revenue from hotel business declined 13.7% to Rp170 billion from Rp197 billion in the first quarter of 2014.
Operating profit dropped 20% to Rp66.7 billion from earlier Rp84.2 billion.
Its assets reached Rp3.59 trillion while liability amounted Rp1.23 trillion. The company has cash and cash equivalent of Rp1.11 trillion.