Acquisition of Jakarta Garden City from Keppel Land (Singapore) has lifted the profile of Modern Group in property sector. Modernland Realty (MDLN) booked sales revenue of Rp1.79 trillion in the first half of 2014, jumped by 72% from the same period of 2013. Higher financial charges, however, cut its net profit by 6.2%. How about the group’s retail and mining business?
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