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Article Date: October 2019
Word Count: 232

MAP Active Has Strong Q3 as it Grows Digital

The Indonesian multi-banner retailer’s comprehensive net income attributable to shareholders climbed 154% to IDR 541,741 million ($38.0 mm) from IDR 213,024 million in the first nine months of the year, on 19% revenue growth to IDR 5,356,931 million ($376.1 mm) up from IDR 4,514,240 million and +8% same store sales. The comparable year ago period included an IDR 296 billion amortized discount on MAPA’s zero interest bond issuance. Adjusted net income excluding the finance charge and other comprehensive items increased 14% to IDR 552,147 million from IDR 484,335 million. Gross margin was up 80 basis points to 46.1%. SG&A was ... Log in to view full article.


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