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A solid second quarter sent Matahari Putra Prima’s sales up 2.1 per cent in the first half to June 30. The Indonesian mixed format grocery retailer has reported net sales for the six months of Rp 7 trillion (US$560 million). Of that figure, 3.7 trillion was…
While the net income of Indonesian grocery retailer Matahari Putra Prima (MPPA) was below expectations, it recorded slightly improved revenue and sales for the year ended December 31. Its revenue was Rp13.9 trillion ($US2 billion), with sales up 2.5 per cent…
Matahari Putra Prima, a multi-format modern retailer in Indonesia, has inaugurated its newest retail channel: a wholesale chain called Smart Club. The first store has opened at, Tangerang, Banten, with a gross selling area of 8800 sqm. It is designed to serve…
PT Matahari Putra Prima has relaunched its Hypermart G7 concept at Metro Indah Mall Bandung in West Java. Another Hypermart store within the same province reopened on September 26, at Depok Town Square as the multi-format Indonesian retailer speeds up its…
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.…
Indonesian retailers are predicting sales to drop by 36 percent year-on-year during the Muslim holy month of Ramadan and Idul Fitri, the latest sign of the country’s weakening economy. Sales are expected to reach Rp 15 trillion ($1.12 billion) during the…
Matahari Putra Prima has opened its 111th hypermarket, at Lombok Epicentrum Mall, Mataram Director of communications and PR, Danny Kojongian, says the new Matahari Hypermart features the new G7 design concept the company is rolling out across its hypermarkets…
Shareholders of Indonesia’s largest trendy retailer for fast-moving shopper items Matahari Putra Prima permitted in its annual common shareholders assembly a plan to distribute Rp 193.9 billion ($14.7 million) in dividends, which characterize 35 % of the…
Matahari Putra Prima — the operator of Hypermart, Foodmart and the Boston Well being & Magnificence retail chain — posted 60 % achieve in revenue within the first quarter, because of regular progress in gross sales. Internet revenue rose to Rp 81.6 billion…
