Property developer PT Ciputra Development Tbk scored net profit growth of 71.94% to Rp 849,38 billion in 2012 from the previous year's performance Rp. 494,01 billion.
From the amount of Rp. 589,1 billion attributable to owners of the parent entity while Rp. 260,28 billion attributable to non-controlling interests.
The Earnings per Share is the company rose to Rp. 39,- per share from the previous year to Rp. 21,- per share.
Based on the company's consolidated financial statements as of 31 December 2012 which is published today, Thursday (28/03/2013), net profit growth was driven by the performance of revenues that reached Rp 3,32 trillion, growing 52.53% from the previous year Rp 2,18 trillion.
Net Profit Margin of PT Ciputra Development Tbk (CTRA) rose 12.72% to 25.56% in 2012 from the previous year 22,68%.
Cost of sales and direct expenses reported during the period rose 45.87% to Rp. 1,67 trillion from the previous year Rp. 1,14 trillion.
Meanwhile, the company's pre-tax profit rose 66.36% to Rp. 1,03 trillion from the same period in 2011 amounted to Rp. 618,78 billion. (Bisnis Indonesia)
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