Property developer PT Lippo Karawaci Tbk (LPKR) reported a 79% drop in profit attributed to equity in 2015, to Rp535.39 billion, from Rp2.55 trillion in 2014. Revenues declined 23.5% to Rp8.91 trillion from Rp11.65 trillion previously. The drop in profit and revenue last year was inline with the bearish property industry along with the national economic slowdown, including the rupiah volatility, and declining consumers confidence.

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