BSDE – Books IDR1.3 tn net profit in 1H25

BSDE – Books IDR1.3 tn net profit in 1H25 Bumi Serpong Damai (BSDE) recorded revenues of IDR6.39 tn in 1H25, contracted by 13% yoy in comparison to 1H24. Net profit declined by 45% yoy to IDR1.29 tn in 1H25 from IDR2.33 tn in 1H24. Going deeper into the revenue breakdown, as much as 36% of the total revenues in 1H25 was contributed by its residential sales worth IDR2.31 tn, decreased by 26% yoy in comparison to residential revenues in 1H24 of IDR3.12 tn. The company also recorded revenues from commercial sales worth IDR1.58 tn or 25% contribution to total revenues, decreased by 20% yoy compared to commercial revenues in 1H24 of IDR1.97 tn. BSDE recorded gross margin at 64% in 1H25, lower than gross profit margin at 66% in 1H24. Decreasing gross profit margin was mainly as a result of lower gross profit margin of commercial and land sales in 1H25. (Source : Company)