Apr 20, 2011

Alam Sutera 1Q sales increases 2.84%

Property developer PT Alam Sutera Realty Tbk (ASRI) is estimated to book Rp471 billion sales in 1Q 2011, a 2.84% increase from Rp458 billion a year earlier.
ASRI Corporate Secretary Hendra Kurniawan said the sales increase was underpinned by the positive economic growth, while inflation rate is still under control. The company targets Rp1.7 trillion sales this year. ASRI also plans to spend Rp1 trillion capital expenditure.

Disclosure: No position at the stock mentioned above.

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