Mulialand's profit up

Mulialand's profit up

JAKARTA (JP): PT Mulialand, a property company, yesterday
announced an increase of its after-tax profit to Rp 21.2 billion
(US$9.7 million) during the first six months of this year from Rp
12.9 billion in the same period of last year.

"We are optimistic that the company's net profit will likely
reach Rp 71.3 billion this year due to the recent operation of
its new multi-story apartment building and shopping center in
Taman Anggrek, South Jakarta," Mulialand's president, Haryanto
Thamrin, said here yesterday.

Mulialand, a subsidiary of the Mulia Group, listed 25 million
shares on the Jakarta Stock Exchange (JSX) in August. (fhp)