September's performance of state-owned PT Pembangunan Perumahan Tbk (PTPP) was not to impressive. Despite a 61.71% rise in bottom line, operating profit and revenue remained flat.
In the financial report submitted to Indonesia Stock Exchange (IDX) today, PTPP posted Rp2.26 trillion revenue in 3Q 2010, a 12.06% decrease from Rp2.57 trillion a year earlier.
Operating profit slightly shrank 0.14% from Rp155.76 billion to Rp155.54 billion in 3Q 2010, while net profit rose 61.71% from Rp28.81 billion to Rp46.59 billion in 3Q 2010.
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