Shares of retailer Matahari Department Store (LPPF) eroded 2% to Rp2,400 on Thursday (Oct 26) as investors responded negatively the company’s performance. LPPF booked net profit of Rp630.5 billion in the first nine months (9M) to September of 2023, dropped by 40% year on year (y/y), mainly due to the squeezed operating margins, while revenue was flat at Rp4.98 trillion.To subscribe please click here
