ELTY Finally Scoops Profits

By Editorial Team 20/09/2019
Summary

PT Bakrieland Development Tbk issued the restated financial statement for the period ended on December 31, 2018, on the Indonesia Stock Exchange. According to the report, the ELTY stock-coded developer posted a 12 percent lower net operating income (from continued operations) to Rp 1.09 trillion from Rp 1.24 trillion. The company eventually scooped profits for the year.

Meanwhile, the bond debt settlement increased to Rp 2.81 trillion from zero. ELTY also obtained earnings on subsidiaries’ shares divestment worth Rp 224.82 billion from Rp 3.65 billion or skyrocketed by 6,059 percent. With such performance, ELTY recorded net profits for the current year totaling Rp 2.75 trillion from a net loss of Rp 268.21 billion in 2017.

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