JAKARTA (Yosefardi) – Shares of retailer PT Matahari Department Store Tbk (LPPF) jumped 7.7% to Rp13,950 this morning with 3.58 million shares exchanged hands. At this price it has market capitalization of Rp40.7 trillion.
While its affiliate PT Matahari Putra Prima Tbk (MPPA) gained 1% to Rp2,450.
LPPF booked net profit of Rp265 billion in first half of this year, grew by 68.8% from Rp157 billion in the same period of last year. Revenues increased 23% to Rp2.74 trillion.
As of June 2013, LPPF operated 121 outlets, including five new outlets added this year.
Other retailers, Ramayana fell 0.76%, and Hero Supermarket was flat.