Jul 19, 2010

Intiland 1H revenue skyrockets 100%

PT Intiland Development Tbk (DILD) is reported to book Rp352 billion in revenue in the first half this year (1H 2010), a 100% jump compared to the same period last year of Rp176 billion.
"In the first half 2010, our revenue jumped 100%," said Intiland'd Director of Capital Management and Investment Archied Noto Pradono as quoted by Kontan today.
He said the sales of residential products has elevated 50%. The other main contributor for Initland's revenue was a assets disposal.
In 1H 2010, Intiland disposed PT Grand Interwisata at Rp158 billion. By the end of this year, Intiland plans to sell assets. "Total proceed from assets disposal is around Rp780 billion."

Disclosure: No position at the stock mentioned above.

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