Bloomberg News

Intiland Development Falls Most in Four Weeks as Profit Drops

November 01, 2011

Nov. 1 (Bloomberg) -- PT Intiland Development shares fell the most in four weeks in Jakarta trading after the Indonesian property developer reported nine-month net income sank to 105.32 billion rupiah from 293.07 billion rupiah a year earlier.

Intiland tumbled 5.9 percent to 240 rupiah as of 10:21 a.m. local time, set for its steepest drop since Oct. 3.

To contact the reporter on this story: Femi Adi in Jakarta at fadi1@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net


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