May 25, 2010

Sentul City reports Rp4.06 bio profit

PT Sentul City Tbk (BKSL), parent company of PT Bukit Jonggol Asri, reports a  593.64% jump in revenue during the first three months this year to Rp77.41 billion from a year before of Rp11.16 billion.
In return, operating profit also sky rocketed 250.53% from operating loss of Rp11.22 billion in Q1 2009 to Rp16.89 billion.
Sentul City, which will be acquired by PT Bakrieland Development Tbk (ELTY), posted Rp4.06 billion in net profit in Q1 2010 from net loss of Rp14.12 billion in Q1 2009.
PT Citra Kharisma Komunika controls 41% stakes in Sentul City, Athena Offshore Holdings Ltd owns 27%, and public shareholders own the remaining stakes. 

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