Property developer PT Metropolitan Land Tbk (Metland) today reports a 183.54% jump in attributable profit (net profit) as revenue rose.
Metland, a newly listed company at Indonesia Stock Exchange, booked Rp63.20 billion net profit in 1H 2011 from Rp22.29 billion in 1H 2010. Gross profit rose 73.32% to Rp130.49 billion from Rp75.29 billion.
Metland recorded a 71.75% surge in revenue to Rp245.85 billion from Rp143.14 billion.
Disclosure: No position at the stock mentioned above.
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