The largest sporting goods retailer in Indonesia saw results soar in the final quarter as restrictions imposed to fight the Delta Covid variant were lifted and consumers flocked to malls in the ASEAN countries where MAPA operates. Net income attributable to shareholders more than doubled to IDR 255,996 million ($17.9 mm) from IDR 112,743 million, on 43% higher revenues of IDR 2,242,121 million ($157.2 mm), up from IDR 1,572,130 million. The running, golf, lifestyle and kids’ categories were top performers in Q4. Gross margin was up 270 basis points to 43.5%, and SG&A increased 29% in rupiah, but still leveraged ... Log in to view full article.