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INDONESIA PRESS-Modernland 2013 profit surges to 2.45 trln rph -reports
March 27, 2014 / 2:11 AM / 3 years ago

INDONESIA PRESS-Modernland 2013 profit surges to 2.45 trln rph -reports

Real estate developer PT Modernland Realty booked a net profit of 2.45 trillion rupiah ($214.7 million) in 2013, compared with 260.5 billion rupiah ($22.8 million) a year earlier as revenues rose, a company official said. The firm plans to spend 1.3 trillion rupiah ($113.9 million) on capital expenditure this year. (Kontan, Bisnis Indonesia)

Note: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 11410 Indonesian Rupiahs) (Compiled by Jakarta Newsroom)

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