Matahari Dept Store: Profit Drops 51%, Dividend Doubles
Retailer Matahari Department Store (LPPF) is probably the most antique company listed on the Indonesia Stock Exchange (IDX). While the company’s net profit fell 51.2% to Rp675.36 billion, it paid out Rp1.19 trillion dividends last year, nearly a 100% jump from 2022.
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