PT Modernland Realty Tbk reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was IDR 182,151.29 million compared to IDR 207,707.38 million a year ago. Revenue was IDR 182,151.29 million compared to IDR 207,707.38 million a year ago.

Net loss was IDR 270,063.11 million compared to net income of IDR 196,404.25 million a year ago. Basic loss per share from continuing operations was IDR 21.84 compared to basic earnings per share from continuing operations of IDR 15.88 a year ago. Diluted loss per share from continuing operations was IDR 21.84 compared to diluted earnings per share from continuing operations of IDR 15.88 a year ago.