MAP ANNOUNCES 26% SURGE IN NET REVENUE FOR FIRST HALF 2014
Jakarta, 31st July 2014 – PT Mitra Adiperkasa Tbk (MAP) today announced its financial results for first half 2014. Net revenue soared 26% to a record Rp 5.50 trillion – up from the
Rp 4.38 trillion achieved during the corresponding period in 2013. Operating profit was 293.75 billion while net profit was Rp 100.36 billion – a 31% drop compared to first half 2013.
Commenting on the first half 2014 results, Fetty Kwartati, Corporate Secretary of MAP said: “Despite uncertainties, demand for our products and brands remained strong. But our bottomline was, once again, impacted by the sluggish rupiah, higher interest and forex rates, and escalating operating costs. Going forward, we will continue to maintain our costs discipline and drive higher operational efficiency and productivity.”
As of 30th June 2014, MAP has a total of 1,890 stores in 61 cities. Latest concept to be launched by MAP is Sephora, which opens its doors in July 2014 at Plaza Indonesia and Kota Kasablanka. Founded in Paris in 1970, Sephora is well known for its unique retail concept, which is rooted in its distinctive open-sell store design, the beauty expertise of its sales consultant and most importantly, its unparalled selection of brands across a broad range of product categories including skincare, fragrance, bath & body and haircare, as well as Sephora’s own private label
The transformation of MAP into E-Commerce player in Indonesia is also gaining pace. Following with its first online store (planetsports.net), more MAP online stores are in the pipeline including lineashoes.com, sportswarehouse.net and Liverpool FC.net. Apart from E-Commerce, MAP is also currently exploring other growth engines like MAP Group CRM (Customer Relationship Management) and MAP Gift Card. Collectively, they will complement MAP’s core business to provide a platform for future sustainable growth
Throughout 2012, MAP held regular meetings and conference calls with analysts and investors and participated actively in conferences and NDRs (non-deal shows) organized by local, regional and global securities houses in Indonesia and overseas. In total, MAP received widespread coverage from more than 15 securities houses with regular update throughout the year. For its strong financial conditions, prospect of growth and high transaction value and frequency, MAP was chosen as one of the constituent stocks of the Indonesia Stock Exchange ‘s LQ 45 Index for the period February to July 2013.
A multi-award company, MAP was listed in Fortune Magazine’s “Most Admired Companies” in 2012 and Forbes Magazine’s “Top 40 Companies” in 2011. Currently, the Company has a total of 1,383 outlets in 48 cities – including brand icons like SOGO, Starbucks, Zara, Marks & Spencer, Reebok, among many others.
About PT Mitra Adiperkasa Tbk
As of June 2014, MAP operates 1,890 retail outlets in 61 major cities throughout Indonesia. The major retail concepts under the group among others:
- Sogo, Debenhams, and Seibu.
- Zara, Marks & Spencer, Topman, Topshop, Next, Kipling, Lacoste, Nautica, Massimo Dutti, Staccato, DKNY, Crabtree & Evelyn, Swarovski, Zara Home and Sephora.
- Converse, Golf House, Payless ShoeSource, Oakley, Planet Sports, Reebok, Rockport, Skechers, Sports Station, The Athlete’s Foot and The Sports Warehouse.
- Starbucks, Burger King, Domino’s Pizza, Pizza Marzano, Krispy Kreme, Cold Stone Creamery Ice Cream, Godiva and Chatterbox.
- Kidz Station, Oshkosh B’Gosh and Barbie Boutique.
- Kinokuniya and Alun Alun.
For more information about MAP please visit www.map-indonesia.com
For more information, please contact:
Fetty Kwartati
Corporate Secretary
PT Mitra Adiperkasa Tbk
Wisma 46, 8th fl. – Kota BNI
Jl. Jend. Sudirman Kav. 1
Jakarta 10220
Phone : 021 575 0755 (direct)
Fax : 021 574 0150
Email : fetty.kwartati@map.co.id