JAKARTA: A property company PT Perdana Gapuraprima Tbk recorded net revenue of IDR81.95 billion in the first quarter 2011, a slight decrease of 4.70% compared to the same period in 2010.
The company's operating income also slipped 25.98% to IDR16.27 billion due to cost of goods sold and operating expenses increasing.
Meanwhile, the company posted 18.10% decline in net profit.
Its asset retreated 11.26% to IDR1.23 trillion as of March 31, 2011, whilst its liabilities descended 23.70% to IDR604.04 billion.
The company now is doing The Sun Heritage Condotel project in Bali with SUN Motor Group amounting to IDR150 billion. The project is scheduled to finish in December 2011.
The GPRA-coded stock gained 2.54% or IDR3 to IDR121, the highest gain in three weeks, at the Jakarta Stock Exchange as of 3.32 p.m. local time. (msw)
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Source: http://www.bisnis.com/market-english/26120-perdana-gapuraprima-pockets-net-revenue-idr8195-billion
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