JAKARTA (Yosefardi) – Retailer PT Matahari Putra Prima Tbk (MPPA) posted net profit of Rp203 billion in first half of 2014, declined 8.6% from Rp222 billion in the corresponding period of 2013.
Net sales grew by 18% to Rp6.43 trillion from previous Rp5.446 trillion. But operating profit fell 13.2% to Rp256 billion from earlier Rp295 billion.
Operating profit margin then dropped by 26.5% to 4% while net profit margin fell by 22.5% to 3.2%.
Its assets declined 10.6% to Rp5.88 trillion while liability increased 3% to Rp3.38 trillion.