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Matahari Putra Prima sales rise 22% in 2012

RBR Staff Writer Published 01 April 2013

Indonesia-based PT Matahari Putra Prima (Matahari), a department store operator and a hypermarket operator arm of the Lippo Group, has reported 22% rise in total sales from continued operations to IDR10.9 trillion ($1.12bn) in 2012.

The corresponding figures for the earlier year stood at IDR8.9 trillion ($0.92bn).

Net income for the year stood at IDR238.5bn ($24.5m) in 2012, up 98% from IDR120.3bn ($12.35m) in the previous year.

The chain's food division, which encompasses Hypermart and supermarket Foodmart divisions, have reported a 23.1% rise to IDR10.4 trillion ($1.07bn) in sales.

Matahari president director Benjamin Mailool said, "We are delighted to see that we continued to achieve well in 2012. All divisions have had strong growth, in particular our food business."

In 2012, Matahari opened 17 new Hypermarts and four Foodmarts. Further, the chain is looking to open around 20 stores in 2013 and an additional 80 new stores over the next five years.

The retailer, currently, operates 80 hypermarkets (Hypermart), 28 supermarkets (Foodmart), 79 pharmacy outlets (the Boston chain of health and beauty stores), over 100 family entertainment centers (Timezone) and 27 international bookstores (Books & Beyond) in more than 52 cities across Indonesia.