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Thread: Sinarmas Land Ltd (SGX:A26)

  1. #1
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    Sinarmas Land Ltd (SGX:A26)

    Sinarmas Land Limited is a Singapore-based investment holding company. The Company and its subsidiaries together are engaged in property business, through its investments in Indonesia, China, Malaysia, Singapore and United Kingdom. It operates in two segments: Indonesia Property, engaged in investment and development of commercial, industrial and residential properties, and ownership and management of hotels and resorts in Indonesia, and International Property, engaged in investment and development of commercial and residential properties and ownership and management of hotels and resorts in Malaysia, select mixed development in China, and ownership and leasing of investment property in United Kingdom. The Company’s subsidiaries include AFP International Finance Ltd (1), AFP International Finance (2) Ltd (1), AFP International Finance (3) Ltd (2), Ever Forward Asia Limited (1), Golden Ray Development Pte.ltd., PT Bumi Indah Asri, PT Duta Cakra Pesona and PT Phinisi Multi Properti.

    Official website: www.sinarmasland.com

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    Sinarmas Land recorded a 19 percent increase in 1Q15 revenue to $285.4 million. The higher revenue was attributed to higher sales of land for commercial office and industrial purposes in Indonesia. Operating expenses increased 18.9 percent in tandem with the revenue growth. Foreign exchange conditions were favourable, resulting in a $23.9 million gain compared to a loss of $18.1 million in 1Q14. As a result of the higher revenue and foreign exchange gain, net profit grew by 70.4 percent to $79.8 million.

    Source: Shares Investment

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