Lippo Karawaci's op profit declined 16.6%

PT Lippo Karawaci Tbk recorded operating profit of Rp447bn in 2006, declined 16.6% from Rp536bn in 2005 on lower revenue (down 5%) and increasing operating expenses (+13.3%). The property giant reported significant increase in total asset to Rp8.48 trillion in 2006 (+36%) but lower (-9.5%) net profit at Rp324bn.

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