Modernland Realty’s Current Asset Worth IDR3.63Trn

PT Modernland Realty, Tbk (MDLN IJ) reported its current asset worth IDR3.63trn in 1H2017, lower than same period last year IDR3.92trn. Company’s current asset decreasing caused decline in its short term investment, inventories, prepaid taxes and prepaid expenses. Meanwhile, the current ratio at 1.53 times, or still strong to pay the short term bank loan.

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