Mar 16, 2012

Bumi Serpong FY11 profit jumps 113%

PT Bumi Serpong Damai Tbk (BSDE) reported a 113.18% increase in net profit last year on the back of higher net other income.
Bumi Serpong booked Rp840.78 billion net profit or Rp48.05 a share last year from Rp394.40 billion or Rp34.35 a share a year earlier.
Operating profit increased 10.35% to Rp960.56 billion from Rp870.47 billion. Revenue rose 13.31% to Rp2.81 trillion from Rp2.48 trillion.
Greenwood performance
Newly listed property developer PT Greenwood Sejahtera Tbk (GWSA) booked a 1,422.18% jump in net profit to Rp205.19 billion or Rp48.91 a share last year from Rp13.48 billion or Rp149.79 a share a year earlier.
Gross profit rose 390.21% to Rp133.14 billion from Rp27.16 billion, while operating revenue surged 173.52% to Rp258.09 billion from Rp94.36 billion.

Disclosure: No position at the stock mentioned above.

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