The largest sporting goods retailer in Indonesia saw its momentum continue while recovering from the pandemic as consumers returned to malls in the ASEAN countries where MAPA operates. Net income attributable to shareholders was up 49% to IDR 370,961 million ($23.8 million) from IDR 249,360 on 33% higher revenues of IDR 2,978,170 million ($191.4 mm), up from IDR 2,242,121 million. Gross margin expanded 380 basis points to 47.4%, and SG&A increased 61% in rupiah, deleveraging 560 b.p. to 32.2% of sales.

For the full year, net income attributable to shareholders soared ... Log in to view full article.