Hanson International (MYRX) reported a 68.2% drop in revenues, to Rp272 billion in first half (H1) this year, compared to Rp857 billion in H1 last year. Land sales fell 74.4% to Rp187 billion from previous Rp732 billion. The Company only booked net profit of Rp2.18 billion in H1 along with tax benefit of Rp3.37 billion. In H1 last year, MYRX booked net profit of Rp318 billion, of which tax benefit amounted Rp361 billion. Its assets reached Rp9.55 trillion while liability amounted Rp3.05 trillion. The Company has cash and cash equivalent of Rp739 billion.
