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Supermarket group Matahari Putra Prima (MPPA) of Indonesia recorded a net profit of RP32.6 billion (US$2.5 million) despite a drop in net sales to RP10.4 trillion for the nine months ended September 30. As expected, says the group in announcing its interim…
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$560 million). Of that figure, 3.7 trillion was…
Matahari Putra Prima (MPPA) has doubled its stake in online Indonesian retailer MatahariMall.com. The multi-format retailer, which operates Hypermart, Smartclub, Foodmart, Boston and FMX chains, says it has [aid cash for an additional 5 per cent share in the…
While the net income of Indonesian grocery retailer Matahari Putra Prima (MPPA) was below expectations, it recorded slightly improved revenue and sales for the year ended December 31. Its revenue was Rp13.9 trillion ($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…
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…
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…
