Retailer Matahari Department Store (LPPF) suffered a loss of Rp94 billion in the first quarter (Q1) of 2020 against a profit of Rp143 billion in the corresponding period of 2019 as gross sales fell 18.1% to Rp2.72 trillion from previous Rp3.32 trillion. Same-store sales growth (SSSG) declined 18.2%, and net revenue fell 19.6% to Rp1.55 trillion.
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