JAKARTA (Yosefardi) – Property developer PT Modernland Realty Tbk (MDLN) booked profit attributable to equity of Rp181 billion in the first quarter of 2015, dropped 53.5% from the same period of 2014.
Revenues rose 15% to Rp906 billion but operating profit fell 35% to Rp332 billion. Its assets reached Rp10.9 trillion while liability amounted Rp5.48 trillion.
Meanwhile property developer PT Metropolitan Land Tbk (MTLA) posted 11.2% profit growth to Rp60 billion in the first quarter of this year and revenues increased 4% to Rp223 billion.
Operating profit jumped 31% to Rp87 billion. Its assets reached Rp3.2 trillion while liability amounted Rp1.1 trillion. (rully@yosefardi.biz)