Jakarta - PT Intiland Development Tbk (DILD) recorded a surge in current year's loss attributable to owners in the first half of this year by around 604.15% to Rp162.921 billion from Rp23.137 billion in the same period last year.

In the company's financial report released on Wednesday (8/31), the swelling loss was caused by a net loss of associates and joint ventures doubling to Rp10.143 billion from Rp5.584 billion.

The tax burden swelled by about 2,239%, from Rp110 million to Rp2.573 billion.

Operating income decreased by around 14.13% to Rp960 billion from Rp1.118 trillion.

The cost of goods sold and direct expenses also increased by 6.23% to Rp622,605 billion from Rp586.042 billion.

However, Intiland reduced operating expenses by around 8.26% to Rp172,073 billion from Rp187,578 billion.

Unfortunately, operating profit was depressed more than double or from Rp. 344.836 billion to Rp. 165.728 billion.

Un