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Article Date: April 2023
Word Count: 158

MAP Active Sales Improve as Lockdowns Lifted

The Indonesian retailer saw net income skyrocket 62% to IDR 276,157 million ($18.1 mm) in the first quarter from IDR 170,312 million, on a 42% increase in revenues to IDR 2,724,180 million ($178.7 mm), up from IDR 1,916,548 million. Gross margin in the quarter was 360 basis points higher to 49.2%, and operating expenses saw a 52% increase, deleveraging slightly as a percent of sales. Growth came from all channels ... Log in to view full article.


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