Ciputra Group reported a profit earning decline for the first half (H1) of 2016. Its main property developer, PT Ciputra Development Tbk (CTRA) posted a 38% profit drop for the period as revenues declined 8.2% and operating profit fell 26.6%. Other expenses jumped by more than tenfold to Rp118.32 billion and financial cost also increased 15% to Rp258.8 billion.To subscribe please click here