MAP POSTS 61% JUMP IN NET PROFIT FOR 9M 2011
Jakarta, 27thOctober 2011 – Indonesia’s leading lifestyle retailer PT Mitra Adiperkasa Tbk (MAP) today announced its financial results for 9M 2011.
Net revenue increased by 24% for 9M 2011 from Rp 3,393 billion to Rp 4,209 billion. Operating profit surged by 42% to a record Rp 430 billion – up from the Rp 302 billion achieved in 9M 2010. Net profit grew 61% from Rp 148 billion in the corresponding period in 2010 to Rp 238 billion.
Commenting on the 9M 2011 results, Fetty Kwartati, Corporate Secretary of MAP said,” “Our solid results – together with the scale of our business – demonstrated the strength of our impressive diversified brand portfolio, strong bargaining power and tremendous growth prospect of MAP.”
A multi-award winning company, MAP was recently voted into Forbes Indonesia’s “A-List of Top 40 firms in Indonesia”. This inaugural list of the top 40 best performing listed companies is a select group. Companies with less than USD 1 Billion sales were screened using multiple metrics such as five-year operating income growth, 5-year sales growth, one-year stock price change and three-to-five years EPS growth.
About PT Mitra Adiperkasa Tbk
As per September 2011, MAP operates 980 retail outlets in 37 cities of Indonesia. Major retail concepts under the group include:
- Debenhams, SEIBU and SOGO.
- Pandora, BCBGMAXAZRIA, Bershka, Dorothy Perkins, HE by Mango, Kipling, Lacoste, Linea, Loewe, Marks & Spencer, Massimo Dutti, MaxMara, Miss Selfridge, Nautica, Next, Nine West, Oasis Pull and Bear, Samsonite, Sole Effect, Stradivarius, Swatch, Tumi, Topman, Topshop, and Warehouse.
- Adidas sports, Converse, Golf House, Planet Sport, Reebok, Rockport, Sport Station, The Athlete’s Foot dan The Sport Warehouse
- Burger King, Chatterbox, Cold Stone Creamery, Domino’s Pizza, Pizza Marzano dan 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:
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