JAKARTA (Yosefardi) – Retailer PT Matahari Putra Prima Tbk (MPPA), controlled by Lippo Group, mulls to issue new shares or rights issue aiming to maintain its capital structure.
It will also consider to adjust the dividend payment to shareholders, obtain new loan or repay the loan.
MPPA reported that income attributable to owners of the parent was Rp444.9 billion in 2012, compared to Rp220.55 billion in 2012. Its equity totaled Rp3.29 trillion. Then return on equity ratio was 13.5%, compared to 5.73% in 2012.
Net sales increased 9.6% to Rp11.9 trillion from previous Rp10.87 trillion. Supermarket and hypermarket contributed sales of Rp11.82 trillion (2012: Rp10.3 trillion).
Its assets totaled Rp6.58 trillion while liability amounted Rp3.28 trillion. It has cash and cash equivalent of Rp1.3 trillion. MPPA’s available loan facility amounted Rp1.97 trillion and US$30,000.
MPPA currently operates 222 stores (99 Hypermart, 29 Foodcourt and 94 Boston Health & Beauty) in 63 cities across Indonesia.
Matahari Food Business continued the aggressive expansion and opened a total of 39 new stores in 2013, (19 Hypermart, 3 Foodcourt and 17 Boston Health & Beauty). At the end of the year, the total gross retail space increased to 648,215.