Bumi Serpong Damai (BSDE), property developer controlled by Sinarmas Group, booked net profit of Rp2.57 trillion in the first half of 2014, expanded 67% from the corresponding period of 2013, but mostly due to gain in the acquisition of shares in PT Plaza Indonesia Realty (PLIN) Tbk.¬†Without that, BSDE’s net profit should have dropped by around 30%.

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