Net income attributable to shareholders at the Indonesian retailer grew 16% to IDR 578,160 million ($33.0 mm) in the third quarter from IDR 499,603 million last year, on 23% higher sales of IDR 6,310,696 million ($359.9 mm), up from IDR 5,150,650 million. Gross margin in the quarter expanded 70 basis points to 46.8%, while SG&A increased 25% in rupiah, deleveraging 60 b.p. to 32.6% of sales. MAPA’s solid performance was spurred by fresh product ... Log in to view full article.
