Jul 19, 2010

Summarecon 1H net profit up 30%

Property developer PT Summarecon Agung Tbk (SMRA) is reported to book a 30% growth in net profit in the first half this year compared to the same period last year.
Summarecon's President Director Johannes Mardjuki, as reported by Kontan today, said the sales of residential in Bekasi has boosted its bottom line.
"As of June 2010, net profit reached Rp100 billion. By the end of 2010, Summarecon's target of Rp210 billion-Rp220 billion will be achieved," he said.

Disclosure: No position at the stock mentiones above. 

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