INDONESIA PRESS-Bakrieland Development Q1 net profit falls 78 pct y/y-Kontan

Wed Jul 9, 2014 9:53pm EDT

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Property firm PT Bakrieland Development posted a net profit of 68.54 billion rupiah ($6 million) in its first quarter, down 78 percent from 313.32 billion rupiah a year earlier, the company said in a statement.

The drop came as revenue fell 41 percent to 664.69 billion rupiah. Sales of land, houses, and apartments fell 45 percent to 516.46 billion rupiah. (Kontan)

Note: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 11,510.0000 Rupiahs) (Compiled by Jakarta Newsroom; Editing by Prateek Chatterjee)

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