Jul 13, 2010

Bumi Serpong 1H sales up 62.98%

Property developer controlled by Sinarmas Group, PT Bumi Serpong Damai Tbk (BSDE) is estimated to book Rp873 billion of net sales in the first half this year (1H 2010), a 62.98% jump compared to the same period last year of Rp535.63 billion
Bumi Serpong Corporate Secretary Feniyati Tenggara, as reported by Kontan today, said the first half sales was mainly contributed by housing in BSD City. "Housing in BSD City made 80% contribution to our total sales," she said.
According to Bumi Serpong Director Hermawan Wijaya, the company has set sales target of Rp2 trillion with net profit of Rp355 billion, a 15% rise, this year. Bumi Serpong posted Rp308.73 billion of net profit last year.  

Disclosure: No position at the stock mentioned above.

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