Matahari Putra Prima — the operator of Hypermart, Foodmart and the Boston Well being & Magnificence retail chain — posted 60 % achieve in revenue within the first quarter, because of regular progress in gross sales.
Internet revenue rose to Rp 81.6 billion ($6.three million) within the January-March interval from Rp 51.zero billion in the identical quarter final yr, the corporate stated in a press release final week. Internet gross sales rose 7.1 % to Rp three.35 trillion.
“We’re happy with our internet revenue leads to the primary quarter regardless of a really difficult gross sales surroundings. our enterprise benefited from the productiveness measures taken and realization of expense saving packages initiated in mid-2015 by the administration staff,” stated MPP chief government officer Noel Trinder.
MPP’s same-store gross sales progress, nevertheless, was 1.eight % decrease because of weak financial progress and aggressive setting amongst present shops in operation, the corporate stated.
In the course of the quarter, MPP opened 14 new shops together with two for Hypermart, one Foodmart grocery store, 9 Foodmart Categorical and two Boston shops.
These added to MPP’s 267 shops (107 Hypermart, 58 Foodmart and 102 Boston) in 67 cities throughout Indonesia as of Dec. 31 2014.