Aug 25, 2011

Surya Semesta 1H profits skyrockets 772%

Property developer, hotel operator, and industrial land owner PT Surya Semesta Internusa Tbk (SSIA) today reported a 772.63% surge in attributable profit in the first half of this year as operating revenue steeply jumped.
Surya Semesta booked Rp129.76 billion profit in 1H 2011 or Rp110.31 per share from Rp14.87 billion in 1H 2010 or Rp12.64 per share.
Gross profit soared 106.85% to Rp400.89 billion from Rp197.79 billion. However, gross margin slightly fell to 25.99% from 26.39%.
Surya Semesta posted a 105.75% jump to Rp1.54 trillion from Rp749.57 billion.

Disclosure: No position at the stock mentioned above.

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