Summarecon profit rose 52.54% in first-half to IDR155.35 billion

JAKARTA: A property company PT Summarecon Agung Tbk booked net profits of IDR155.35 billion (US$18.26 million) in the first half of this year, a 52.54% increase from its IDR101.84 billion in profits a year earlier.
Yusuf Waluyo Jati
Yusuf Waluyo Jati - Bisnis.com 28 Juli 2011  |  04:47 WIB

JAKARTA: A property company PT Summarecon Agung Tbk booked net profits of IDR155.35 billion (US$18.26 million) in the first half of this year, a 52.54% increase from its IDR101.84 billion in profits a year earlier.

Company data shows that the profit increase was due to a 38% revenue increase to IDR938.58 billion for the period ended June 30, 2011.Its operating income rose 33.47% to IDR235.37 billion.The cash and cash equivalent slightly increased 0.09% to IDR1.22 trillion as per June 30, 2011, compared to IDR1.12 trillion as per December 31, 2010.According to data compiled by Bloomberg, twelve analysts had a consensus revenue estimate of IDR2.17 trillion for this year, whilst thirteen analysts estimated that the companys net income would reach IDR305.50 billion.The SMRA-coded stock gained 0.79%, or IDR10, to IDR1,270 as of 11.00 a.m. in Jakarta trading. (msw)

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