Bisnis.com, JAKARTA — Property developer PT Ciputra Development (CTRA) posted improved earnings in the first half despite weak consumer purchasing power and high interest rate, driven by the government’s value-added tax (VAT) waiver on property purchases.
CTRA booked a net profit of IDR 1.23 trillion as of June 2025, a 20.01% year-on-year (YoY) increase from IDR 1.02 trillion. Operating revenue was up 16.76% YoY to IDR 5.88 trillion from IDR 5.03 trillion.