MAP Active Turns in Solid Q1
The Indonesian retailer saw net income inch up 8% to IDR 283,405 million ($18.1 mm) in the first quarter from IDR 262,294 million, on a 36% increase in revenues to IDR 3,693,122 million ($236.4 mm) up from IDR 2,724,180 million. Gross margin in the quarter was 130 basis points lower at 47.9%, while SG&A saw a 40% increase, deleveraging 120 b.p. to 36.9% of sales. Growth ... Log in to view full article.
