MAP Active Turns in Solid Q3 Results
Net income attributable to shareholders at the Indonesian retailer grew 40% to IDR 514,713 million ($31.8 mm) in the third quarter from IDR 368,180 million last year, on a 25% increase in revenues to IDR 4,532,879 million ($280.3 mm), up from IDR 3,613,943 million. Gross margin in the quarter was down 170 basis points to 46.6%, while SG&A increased 23% in rupiah but still leveraged 70 ... Log in to view full article.
