MAP ANNOUNCES NET REVENUE OF Rp 6.9 TRILLION FOR 9M 2013
Jakarta, 31st October 2013 – Indonesia’s leading lifestyle retailer PT Mitra Adiperkasa Tbk (MAP) today announced its financial results for 9M 2013. Net revenue of the company surged 27% from Rp 5.4 trillion in corresponding period of 2012 to Rp 6.9 trillion, while operating profit grew from Rp 509 billion to Rp 516 billion. Net profit was Rp 228 billion.
Commenting on the 9M 2013 results, Fetty Kwartati, Corporate Secretary of MAP said, “Despite challenging business conditions, we are pleased to report good net revenue growth. However, we were impacted by higher operating costs and interest expenses, and the weak rupiah. Amidst jitters over situations in USA, China and Europe, we are cautiously optimistic about our outlook for Q4 2013, which is traditionally a good quarter for MAP”
MAP opened 273 new stores during the first nine months of 2013 – bringing its grand total to 1,656 stores as at 30th September 2013. New brands launched included Cotton On, Oakley, Swarovski, Galeries Lafayette and Zara Home, among others. To better position itself for future growth, MAP also launched two key initiatives: Starbucks Card and Planetsports.net, the online store of MAP Active Division, which is spearheading MAP’s foray into the fast growing eCommerce market in Indonesia.
About PT Mitra Adiperkasa Tbk
As of September 2013, MAP has operated 1,656 retail outlets in 56 major cities throughout Indonesia. The major retail concepts under the group include:
- Sogo, Debenhams, Seibu and Galleries Lafayette.
- Zara, Marks & Spencer, Topman, Topshop, Next, Kipling, Lacoste, Nautica, Massimo Dutti, Pull&Bear, Dorothy Perkins, Miss Selfridge, Nine West, Stradivarius, Bershka, Samsonite, Linea, Steve Madden, Swatch, Loewe, BCBGMaxazria, MaxMara, Max&Co, Travelogue, Tumi, Sole Effect, Warehouse, H.E. by Mango, New Look, Hoss Intropia, Staccato, Diva, DKNY, Crabtree & Evelyn, Swarovski and Zara Home.
- 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, Barbie Boutique and Stride Rite.
- Kinokuniya and Alun Alun.
Apart from retailing, the group is also the leading distributor of over 120 international brands including Airwalk, Batman, Converse, Diadora, Lotto, Reebok, Speedo, Superman, Thomas & Friends, and many more. 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