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Coal Average Selling Price Increase Ciputra Development Tbk. (CTRA) reported a 8.8% YoY revenue decline in 9M23 (IDR 6.59 trillion vs IDR 7.22 trillion) and a 22.6% fall in net income (IDR 1.18 trillion vs 1.53 trillion) as higher interest rates continue to put pressure on the property sector. CTRA’s property development segment only made up 77.1% of the company’s total revenue in 9M23 compared to 81.1% in 9M22. Asset Growth Ciputra Development Tbk. (CTRA) reported a 8.8% YoY revenue decline in 9M23. |
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