JAKARTA (Yosefardi) – Construction firm PT Total Bangun Persada Tbk (TOTL), through its subsidiary PT Adhiguna Utama, has acquired a parcel of land 7660 m2 for Rp143 billion.
The land is located in Central Business District (CBD) from property developer PT Bumi Serpong Damai Tbk (BSDE).
TOTL booked net profit of Rp104.26 billion in the first half of 2015, grew by 50.7% from Rp69.53 billion in the corresponding period of 2014. Revenue meanwhile declined 3.5% to Rp1.09 trillion from previous Rp1.13 trillion.
The company’s assets reached Rp2.57 trillion while liability amounted Rp1.13 trillion. It has cash and cash equivalent of Rp606.7 billion.