MAP’s OPERATING PROFIT UP 52% IN FIRST HALF OF 2010
Jakarta, 30th July 2010 – Indonesia’s leading lifestyle retailer PT Mitra Adiperkasa Tbk (MAP) today announced its financial results for first half of 2010.
Net revenue increased 9.4% to a record Rp 2,147 billion – up from the Rp 1,963 billion achieved in the first half of 2009. Operating profit jumped 52% from Rp 123 billion to Rp 186 billion. Net profit for first half of 2010 was Rp 100 billion.
Commenting on the first half 2010 results, Corporate Secretary of MAP, Fetty Kwartati said: “The Company continued the momentum seen in the first quarter. In line with our strategy, we will strive to maximize growth potential of our existing brands and retail concepts. Given our strong fundamentals, MAP is well positioned for long term growth.”
For the first half of 2010, MAP opened 69 new stores – and with the opening of a new Sports Station in Abepura (Papua) in May 2010 – MAP is now present in 24 major cities of Indonesia.
Meanwhile, the Company announced that it is right on track in its plan to open a new SOGO at Central Park. This new SOGO – its 11th in Indonesia – is scheduled to open in the third quarter of 2010. Continuing its tradition of winning international awards for its retail and marketing acumen, MAP won the Oshkosh B’Gosh “Best Store Merchandising” Award in June 2010.
About PT Mitra Adiperkasa Tbk
As at 30 June 2010, MAP operates 748 retail outlets in 24 cities of Indonesia. Major retail concepts under the group include:
- Department Stores: SOGO, SEIBU, Debenhams, and Java/Lotus.
- Fashion & Lifestyle: Loewe, Salvatore Ferragamo, 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.
- Sports: Planet Sports, Sports Station, The Athlete’s Foot, The Sports Warehouse, Golf House, Rockport, Reebok, Converse and Adidas Sports.
- Food & Beverage: Starbucks Coffee, Burger King, Cold Stone Creamery, Pizza Marzano and Domino’s Pizza, Chatterbox and Courtyard Restaurant.
- Kids: Kidz Station, Oshkosh B’Gosh and Barbie Boutique.
- Others: 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