HONG KONG (Indonesia Today) – HKC (Holdings) Limited, a company controlled by Indonesian businessman Teguh Widjaja, booked net profit of HK$78.4 million in the first half ended June 30, 2012, down slightly from HK$79.3 million in the corresponding period of 2011.
According to HKC’s financial statement, during the six months ended 30 June 2012, turnover amounted to HK$174.7 million, a decrease of 60.8% compared to the same period in 2011, while gross profit for the period of HK$97.0 million also represented a decrease of 48.4% over the same period last year.
“The decrease in turnover during the period under review was mainly due to the drop in revenue from property sale, which also resulted in a decrease in contribution to the gross profit from property sale during the period,” HKC said.
The group