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Property issuer PT Alam Sutera Realty Tbk returned to profit in the first half of 2022. Increased revenue improved the performance of the ASRI-coded issuer.
Alam Sutera recorded revenue of Rp1.95 trillion in the first half of 2022. This revenue increased by 75.7% year-on-year (yoy) from Rp1.11 trillion.
Property development revenue was recorded at Rp1.67 trillion. Meanwhile, investment properties amounted to Rp93.04 billion, tourism Rp39.9 billion, and others Rp147.41 billion.
The company also recorded a net profit of Rp216.84 billion. This is in contrast to a net loss of Rp244.91 billion in the same period last year.
The company's assets were recorded at Rp21.84 trillion in the first half of 2022. Liabilities were recorded at Rp12.08 trillion and equity at Rp9.76 trillion.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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