Matahari has strong half
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Indonesia’s PT Matahari Putra Prima (MPPA) says its first half year sales rose 6.6 per cent on the back of new stores.
Like for like sales rose 2.1 per cent in a period of softening economic conditions and when several stores were closed for renovation.
Matahari has continued with a strong focus on upgrading its store formats, rolling out its new G7 format with brighter, more upmarket store designs and increased range. It also opened the first of its new Foodmart Primo format stores during the half year.
In the next six months Matahari will open the first of another new concept – a SmartClub wholesale store.
Operating profit surged 29.4 per cent in the half (excluding extraordinary items) as the retailer continued to improve its infrastructure, boosting internal efficiencies and developing a solid platform for future growth.
Questions & Answers
Q.What contributed to Matahari's sales growth in the first half of the year?
What contributed to Matahari's sales growth in the first half of the year?
Matahari's first half sales rose 6.6 per cent primarily due to the opening of new stores. Like-for-like sales also increased by 2.1 per cent, despite challenging economic conditions and store renovations.
Q.How did Matahari manage to significantly increase its operating profit?
How did Matahari manage to significantly increase its operating profit?
Operating profit surged by 29.4 per cent, excluding extraordinary items. This was achieved by the retailer's continued efforts to improve its infrastructure, boost internal efficiencies, and develop a solid platform for future growth.
Q.What new store formats has Matahari introduced or is planning to introduce?
What new store formats has Matahari introduced or is planning to introduce?
Matahari has rolled out its G7 format with brighter, more upmarket designs and increased range. It also opened its first Foodmart Primo format store and plans to open a new SmartClub wholesale store in the next six months.
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