Property developer Hanson International (MYRX) suffered loss of Rp92 billion in first quarter (Q1) of 2017, against profit Rp8.9 billion in the same period of 2016. Net sales dropped 65% to Rp36 billion from previous Rp104.6 billion. While cost of sales was flat at Rp63 billion. MYRX booked no sales for house and shop house for the said period. In Q1 last year, MYRX’s house sales reached Rp76.8 billion and shop house sales was Rp27.7 billion.
