Property developer PP Property (PTPP) booked net profit of Rp163.59 billion in the first half (H1) this year, up 3.8% from Rp157 billion in H1 last year. Sales and revenues increased 7.7% to Rp1.05 trillion from previous Rp974 billion. Operating profit however declined 4% to Rp213 billion as cost of goods sold rose 11.2% to Rp1.05 trillion. PTPP’s assets reached Rp6.72 trillion while liability amounted Rp6.04 trillion. It has cash and cash equivalent of Rp1.12 trillion.