MAP Active Profits Soar in Q1
The Indonesian retailer’s net income climbed 38% to IDR 470,572 million ($27.9 mm) in the first quarter from IDR 339,980 million, on 15% higher revenues of IDR 4,954,727 million ($293.9 mm) from IDR 4,319,434 million. Gross margin in the quarter was 80 basis points higher at 48.0%, while SG&A jumped 13%, but still leveraged 60 b.p. ... Log in to view full article.
