MAP Announces 14.2% Surge in Net Revenue for First Quarter 2017

Jakarta, 2 May 2017 – PT Mitra Adiperkasa Tbk, the leading lifestyle retailer in Indonesia today announced its financial result for first quarter 2017. Net revenue jumped 14.2% to Rp 3.6 trillion – up from the Rp 3.2 trillion posted during the corresponding period in 2016. Operating profit rose 39% to Rp 183 billion while net profit surged 282% to Rp 59 billion compared to Rp 15 billion in the first quarter of 2016.

Commenting on the results, Fetty Kwartati, Head of Corporate Communication of MAP said, “We are off to a good start for 2017. Going forward, we remain watchful of the ongoing development and macroeconomic concerns surrounding China, USA and Europe. But we are cautiously optimistic about fiscal year 2017. We will continue to build on our momentum and focus on our growth agenda to unlock value of our brands.”

Tentang PT Mitra Adiperkasa Tbk

As of March 2017, MAP operates 1,898 retail outlets in 69 major cities throughout Indonesia. The major retail concepts under the group among others: Department Stores: Sogo, Debenhams, Seibu dan Galleries Lafayette; Fashion & Lifestyle: Zara, Marks & Spencer, Topman, Topshop, Next, Kipling, Lacoste, Nautica, Massimo Dutti, Staccato, Swarovski , Zara Home dan Sephora; Sports: Converse, Golf House, Payless ShoeSource, Oakley, Planet Sports, Reebok, Rockport, Skechers, Sports Station, The Athlete’s Foot dan The Sports Warehouse; Food & Beverage: Starbucks, Burger King, Domino’s Pizza, Pizza Marzano, Krispy Kreme, Cold Stone Creamery Ice Cream, Godiva dan Paul Bakery; Kids: Kidz Station, Oshkosh B’Gosh, dan Carter’s; Others: Kinokuniya and Alun Alun Indonesia. For more information about MAP please visit map.co.id.

For more information, please contact:
Fetty Kwartati – Head of Corporate Communication
PT Mitra Adiperkasa Tbk

Sahid Sudirman Center 30th fl.
Jl. Jend. Sudirman Kav. 86
Jakarta 10220
Phone : 021 8064 8567, Fax : 021 574 0150
Email : fetty.kwartati@map.co.id