MAP ANNOUNCES 58% JUMP NET PROFIT FOR FIRST HALF 2011
Jakarta, 27th July 2011 – Indonesia’s leading lifestyle retailer, PT Mitra Adiperkasa Tbk (MAP) today announced its financial results for first half 2011. For first half 2011, the Company posted record net revenue growth of 23.8% to Rp 2,658 billion. Operating profit grew 42% to Rp 264.5 billion while net profit for half year 2011 was Rp 157 billion – a 58% increase over the corresponding period in 2010.
Commenting on the first half 2011 results, Corporate Secretary of MAP, Fetty Kwartati said, “Our excellent results underscore the strength of MAP’s business model and brand portfolio as well as the strong purchasing power of our core customers – the middle to upper income group. With strong fundamentals and a solid business strategy that focuses on our core business and consumers, we are well positioned for new business opportunities and growth.”
As at 30th June 2011, MAP operates a total of 931 stores in 27 major Indonesian cities. New retail concepts launched in the first half of 2011 include BCBG Maxazria, Stradivarius, Bershka, Travelogue, Max & Co, H.E. by Mango, Pandora and Payless.
A multi-award winning company, MAP was recently conferred the “Asia’s Best Employer Brand” 2011 award by Employer Branding Institute and World HRD Congress. The award was given in recognition of MAP’s outstanding HR practices and contribution to talent management, talent development and talent innovation. With staff strength of over 12,500, MAP is currently one of the largest employers in the modern retail sector in Indonesia.
For excellence in branding and marketing, MAP was also honored with CMO Asia’s “Asia’s Best Brand” Award 2011. Apart from nurturing international brands under its wing, MAP has also created many in-house retail concepts (brands) which have excelled and gone on to become household names in Indonesia. These include Sports Station, Planet Sports, Golf House, Sports Warehouse, Kidz Station, TheFoodHall, Chatterbox, among many others.
About PT Mitra Adiperkasa Tbk
Major retail concepts under the group include:
- Debenhams, SEIBU and SOGO.
- Bershka, Dorothy Perkins, HE by Mango, Kipling, Lacoste, Linea, Loewe, Marks & Spencer, Massimo Dutti, MaxMara, Miss Selfridge, Nautica, Next, Pull&Bear, Samsonite, Stradivarius, Swatch, Topman, and Topshop.
- Adidas Sports, Converse, Golf House, Payless ShoeSource, Planet Sports, Reebok, Rockport, Sports Station, The Athlete’s Foot and The Sports Warehouse.
- Burger King, Chatterbox, Cold Stone Creamery, Domino’s Pizza, Pizza Marzano and Starbucks.
- Barbie Boutique, Kidz Station and Oshkosh B’Gosh.
- Alun Alun Indonesia, and Kinokuniya.
Apart from retailing, the group is also the leading distributor of over 90 international brands including Reebok, Speedo, Converse, Diadora, Lotto, Airwalk, Superman, Batman, OshKosh B’Gosh and Thomas & Friends. More information about MAP can be found at www.map-indonesia.com
For further information, please contact:
PT Mitra Adiperkasa Tbk
Wisma 46, 8th fl. – Kota BNI
Jl. Jend. Sudirman Kav. 1
Phone : 021 575 0755 (direct)
Fax : 021 574 5753
Email : email@example.com