9, an indication of buoyant consumer berinvestasi Forex. 9 and the latter by 0. The y-o-y decline reflects the fact that lower land plot sales were booked in 4Q18 than in 4Q17. As a result, BSDE’s FY18 net profits reached IDR1.
Weak revenues recognition due to a lack of land plot sales. BSDE booked revenues of IDR 6. Expect a moderation in marketing sales. We expect BSDE to book marketing sales of IDR 5.