Comprehensive net income for the first half of 2019 soared to IDR 364,737 million ($25.8 mm) from IDR 43,176 million as revenue rose 19% to IDR 3,471,733 million ($245.6 mm) from IDR 2,907,404 million including +9% same store sales at the Indonesian retailer. The year ago period included an IDR 289 billion amortized discount on MAPA’s zero interest bond issuance that did not recur this year. Adjusted net income excluding the finance charge and other comprehensive items increased 35% to IDR 375,945 million from IDR 277,653 million. Gross margin expanded 110 basis points to 45.9% on improvements in the end-to-end ... Log in to view full article.