Back to announcement
20230802_MPPA_Laporan Informasi dan Fakta Material_31357367_lamp3.pdf
Other Text extracted MPPASource file signed link, expires in 15 minutes
Extracted text 2
Page 1
PRESS RELEASE
MPPA REPORTED A POSITIVE TURN IN OPERATIONAL PROFIT IN THE SECOND
QUARTER.
Tangerang, August 2, 2023 --- PT Matahari Putra Prima Tbk (the "Company or MPPA")
summarizes its financial performance for the second quarter of 2023, where in this period MPPA
managed to record positive figure in operating profit. Meanwhile, net loss decreased compared
to last year by 8.3%. Overall, the performance results have been on track, along with the
Company's operating costs more under control so that the Company can reinvest in our
customers and contribute to sustainable development initiatives.
Meanwhile, revenue has been rather consistent in comparison to the prior year. MPPA is
currently undergoing strategic transformation by implementing TERBIT (Transformation
Excellence in Retail Business for Immediate Turnaround). MPPA believes that the TERBIT
initiatives will help to rebuild confidence in the retail sector, allowing the business's progress to
grow continuously.
The transformation program consists of three pillars:
1. Sales growth in existing stores focuses on enhancing value proposition to customers going
from assortment adjustments, pricing and refocus on our fresh from sourcing till store
merchandising. And in store ambiance improvement combined with an improvement
through remodeling of physical store we are delivering a better & comfortable shopping
experience for our customers
2. New Growth Platform is launched to give consumers reward and benefits through the
loyalty card and end-to-end customer journey with our online sales application. Data
analytics and sustainability program are underway to further drive growth & customer
engagement
3. The initiatives requires funding, hence our Company have put in place a rigorous cost
saving program in place delivering a reset in our OPEX for lower cost base for next year.
"The Company is committed delivering high quality Fresh products as its key value proposition,
and with this we are strengthening the standards by strict adherence to regulatory compliance.
PT Matahari Putra Prima Tbk
Gajah Mada Plaza Lt. SG. Jl · Gajah Mada No. 19-26 Petojo Utara · Gambir – Jakarta Pusat 10130 · Indonesia
Kantor Pusat Operasional
Hypermart Cyberpark, UG Floor · Jl. Sultan Falatehan · Lippo Karawaci Utara – Tangerang · Banten 15138 · Indonesia
Tel. +62 21 5081 3000 · Fax +62 21 8061 5757 · www.mppa.co.id
Page 2
MPPA is the first retailer to achieve Good Handling Practice (SPPB) on Post Harvest Agricultural Products of Plant Origin (PSAT) accreditation level I for fruit and vegetable products. Then, for meat products, Veterinary Control Number (NKV) Level I certification and Halal certification for products and our outlets. This is clear evidence that MPPA is committed to providing customers with healthy, high-quality, and halal products," stated MPPA Vice President Director and CEO Wim Maris in his report. All the initiatives are will under the way for the TERBIT program for our first remodeled stores and are ready for further prudent roll out in the following quarters. Through this transformation MPPA is on the road for improving its overall company performance and with this deliver our mission to become number one retailer that provides fresh food and family needs at affordable prices across Indonesia. ------------------------------------------------------ This statement has been prepared by PT Matahari Putra Prima Tbk (MPPA) and is provided for general information purposes. It is not intended for any particular person or purpose and is not a recommendation regarding security from MPPA. No warranty (expressed or implied) is made for accuracy or completeness information. All opinions and estimates included in this release constitute our judgment as of this date and subject to change without prior notification. MPPA disclaims any responsibility or liability whatsoever arising that can be filed against or suffered by any person as a result of dependence on the whole or any part of this statement and neither does MPPA any of its affiliated companies and employees each and its agents accept responsibility for any errors, omissions, or otherwise, in this statement, and for any inaccuracies or incompleteness which may occur. PT Matahari Putra Prima Tbk Gajah Mada Plaza Lt. SG. Jl · Gajah Mada No. 19-26 Petojo Utara · Gambir – Jakarta Pusat 10130 · Indonesia Kantor Pusat Operasional Hypermart Cyberpark, UG Floor · Jl. Sultan Falatehan · Lippo Karawaci Utara – Tangerang · Banten 15138 · Indonesia Tel. +62 21 5081 3000 · Fax +62 21 8061 5757 · www.mppa.co.id
Names mentioned 0 people and organisations named in the text · linked when the evidence is strong
The name pass has not read this document yet.
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.