Retailer Matahari Putra Prima (MPPA) suffered a loss of Rp552.67 billion in 2019 but narrowed from a loss of Rp898 billion in 2018. Sales declined 20% to Rp8.65 trillion from previous Rp10.69 trillion, but gross profit rose 6.7% to Rp1.58 trillion, thanks to a 22% decline in the cost of goods sold.
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