23 March 2016
Matahari Putra Prima, a multi-format modern retailer in Indonesia, has reported net sales of IDR 13.9tn (US$1.1bn) in FY2015, up 2.5% from the previous year. However, its net income dropped by 67% to IDR 183bn (US$13.9m).
Inventory build-up crimps bottom line
As one of Indonesia’s largest retail networks, Matahari’s performance in FY2015 is below expectations, considering the double dig...