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MAP NEWS
MAP Announces 37% Jump In Operating Profit For First Quarter 2012
Jakarta, 30th April 2012 – Indonesia’s retail powerhouse PT Mitra Adiperkasa Tbk (MAP) today announced its financial result for first quarter ended 31st March 2012.
Operating profit jumped 37% to a record Rp 113 billion – up from the Rp 82 billion achieved in the first quarter of 2011. Net profit grew 33% from Rp 44 billion in the corresponding period in 2011 to Rp 58 billion. Net revenue after cost of consignment sales increased 29 % from Rp 1.269 billion to Rp 1.639 billion.
Commenting on the first quarter 2012 results, Fetty Kwartati, Corporate Secretary of MAP said, “We have delivered another solid quarter underpinned by strong execution and operational excellence.”
For the first quarter of 2012, MAP opened a net total of 32 stores – bringing its grand total to 1,076 stores as at 31st March 2012. New international retail concepts launched by the Group include DKNY at Plaza Indonesia and Hoss Intropia at Plaza Senayan. Founded in 1989, DKNY is a younger and more affordable line of the Donna Karan label while Hoss Intropia is an eclectic womenswear brand from Spain that is renowned for its original and unique style.
New store openings also include existing concepts such as Sports: Sports Station, Planet Sports, and Payless, Fashion: Nautica, Steve Madden, Stradivarius, Kids: Kidz Station (among many others) – all of which have been proven to be significant contributors to MAP’s results in the first quarter 2012. Existing concepts also include 7 new Starbucks – bringing its current total to 121 Starbucks stores as of today. As part of a global revamp, Starbucks Indonesia recently unveiled a radically new store design for its newly renovated outlet in Plaza Indonesia. After dominating the market in major cities, Starbucks Indonesia is now expanding to outer cities – tapping on the tremendous potential of these new markets.
A multi-award winning company, MAP was honored with another major award in February 2012: Fortune Indonesia’s “MOST ADMIRED COMPANIES 2011”. This prestigious award was given to a select group of companies in Indonesia based on the following critical factors: quality of products and services, innovativeness, financial soundness, long-term investment value, wise use of corporate assets, quality of management, ability to attract and retain talented people and social responsibility to the community and the environment.
Companies that were selected as Fortune Indonesia’s “MOST ADMIRED COMPANIES 2011” had outperformed industry peers and the market as a whole. It was another feather in the cap for MAP – following its listing in Forbes Indonesia’s “A-LIST OF TOP 40 FIRMS” in 2011.
About PT Mitra Adiperkasa Tbk
As per March 2012, MAP operates 1,076 retail outlets in 39 major cities of Indonesia. Major retail concepts under the group include:
- Sogo, Debenhams, and Seibu.
- Zara, Marks & Spencer, Topman, Topshop, Next, Kipling, Lacoste, Nautica, Massimo Dutti, Pull&Bear, Dorothy Perkins, Miss Selfridge, Nine West, Stradivarius, Bershka, Samsonite, Linea, Steve Madden, Swatch, Loewe, BCBGMaxazria, MaxMara, Max&Co, Travelogue, Tumi, Sole Effect, Warehouse, H.E. by Mango, New Look, Staccato, Diva, and DKNY.
- Converse, Golf House, Payless ShoeSource, Planet Sports, Reebok, Rockport, Skechers, Sports Station, The Athlete’s Foot and The Sports Warehouse.
- Starbucks, Burger King, Domino’s Pizza, Pizza Marzano, Krispy Kreme, Cold Stone Creamery Ice Cream, and Chatterbox.
- Kidz Station, Oshkosh B’Gosh and Barbie Boutique.
- Kinokuniya and Alun Alun.
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, and many more. For more information about MAP please visit 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