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MAP POSTS 52% JUMP IN OPERATING PROFIT FOR 9M 2010

Jakarta, 1st November 2010 – Indonesia’s leading lifestyle retailer PT Mitra Adiperkasa Tbk (MAP) has announced its financial result for the first nine months of 2010.

 

Net revenue increased 12% to a record Rp 3,393 billion – up from the Rp 3,028 billion achieved during the first nine months of 2009. Operating profit jumped 52% from Rp 198 billion to Rp 302 billion for 9-month 2010. 

 

Commenting on the 9M 2010 results, Fetty Kwartati, Corporate Secretary of MAP, said:

“Once again, we are very pleased to announce continued growth in our business. Our strategy and business model remain strong – and our focus on core business (which is targeted at the middle up consumers) and operational discipline is continuing to pay off. We look forward to building on this momentum in the last quarter, which is traditionally a good period for retailers like us”. 

 

For the first nine months of 2010, MAP added a total of 42,166 sqm to its retail footage, bringing its grand total to 423,919 sqm. 

 

Currently, MAP has a total of 798 retail stores in 24 major cities throughout Indonesia. Incorporated in 1995, the Group has dominated and transformed the modern lifestyle retail scene in Indonesia with its amazing portfolio of over 90 world class brands. 

 

About PT Mitra Adiperkasa Tbk

 

Major retail concepts under the group include:

  • : SOGO, SEIBU, Debenhams, and Java/Lotus.
  • : Loewe, MaxMara, Nine West, Tumi, Zara, Massimo Dutti, Pull and Bear, Next, Marks & Spencer, Nautica, Lacoste, Topshop/Topman, Kipling, Miss Selfridge, Sole Effect, Dorothy Perkins, Swatch, Boots, H2O+, and Samsonite.
  • Planet Sports, Sports Station, The Athlete’s Foot, The Sports Warehouse, Golf House, Rockport, Reebok, Converse and Adidas Sports.
  • : Starbucks Coffee, Burger King, Cold Stone Creamery, Pizza Marzano and Domino’s Pizza, Chatterbox and Courtyard Restaurant.
  • : Kidz Station, Oshkosh B’Gosh and Barbie Boutique.
  • : Kinokuniya and Alun Alun Indonesia.

 

Apart from retailing, the group is also the leading distributor of over 90 international brands including Reebok, Speedo, Wilson, 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:

 

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 5753

Email : fetty.kwartati@map.co.id