Property developer PT Jababeka Tbk (KIJA) booked Rp51.61 billion in net profit in the first half of this year, a 7.77% increase from Rp47.89 billion a year earlier.
Jababeka reported a 11.14% increase in operating profit to Rp87.91 billion in 1H 2011 from Rp79.10 billion in 1H 2010, while gross profit rose 33.76% to Rp180.94 billion from Rp135.27 billion.
The company's revenue increased 11.45% to Rp369.07 billion from Rp331.15 billion. Cash from operations soared 219.11% to Rp341.80 billion from Rp107.11 billion.
Disclosure: No position at the stock mentioned above.
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