BSDE - Reported a 30.3% yoy revenue growth in 1H23

Bumi Serpong Damai' (BSDE) revenue reached IDR4.9 tn (+30.3% yoy) and net profit reached IDR1.2 tn (+159% yoy) in 1H23. Moreover, BSDE plans its business expansion by optimizing the newly established joint venture (JV) company with Astra international, namely Ruby Karya Sejahtera. The JV company targets to develop a 80 ha land for its landed housing project, which located in Cibubur. (Source : Kontan)