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Magazines Archives - 2008 April
Matahari turns in a sterling
sales performance
Story
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LISTED Indonesian consumer-goods
company Matahari Putra Prima Tbk reported that it surpassed the
US$1-billion sales mark last year, with consolidated sales
hitting Rp9.8 trillion
(US$1.065 billion) on strong support from its fashion and food
businesses.
The figure represented a 16.1% year-on-year growth, while
overall comparable sales growth rose by
8.9%. “The outstanding sales performance was derived from the
solid growth in the company’s core retail division sales
contribution, Matahari Department Store and Matahari Food
Business,” said a Matahari official.
The group’s department-store sales went up to Rp5 trillion from
Rp4.4 trillion, while its food business recorded total sales of
Rp4.5 trillion, underpinned by strong sales growth from its new
hypermarket stores. Net income was recorded at Rp180.2 billion,
up 12.3% from Rp160.5 billion in 2006.
Listed on the Jakarta and Surabaya stock exchanges, Matahari
dominates the Indonesian market with 80 department stores, 36
hypermarkets, 32 supermarkets, 39 health-and beauty centres and
more than 90 family- entertainment centres nationwide at
end-2007. The company, which is
operated by investment holding firm PT Multipolar Tbk, has
853,423sqm of retail floor space. |
