Comprehensive net income surged 46% to IDR 140,663 million ($10.0 mm) from IDR 96,542 million in the first quarter as sales increased 15% to IDR 1,515,484 million ($107.2 mm) from IDR 1,321,013 million including a same store sales gain of 8.0%. Overall gross margin expanded 140 basis points to 46.4% at the multi-banner Indonesian retailer, while SG&A was 50 b.p. higher as a percent of revenues. Adjusted for the accounting treatment of the company’s zero interest bond and other items, net income was up 26% to IDR 146,728 million. MAPA is the local partner in Indonesia for Adidas, Asics, Converse, ... Log in to view full article.