Retailer Matahari Department Store (LPPF) booked a net profit of Rp439 billion in the first nine months (9M) to September of 2021, against a loss of Rp617 billion in the corresponding period of 2020, as revenue grew 22.7% year on year (y/y) to Rp4.08 trillion. Retail sales rose 19% to Rp2.5 trillion, and consignment sales grew 36% to Rp1.56 trillion. Gross sales grew 28.7% year on year (y/y) to Rp7.49 trillion.
To subscribe please click here