27 October 2011
MAP POSTS 61% JUMP IN NET PROFIT FOR 9M 2011
Jakarta, 27th October 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."