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20241031_MPPA_Laporan Informasi dan Fakta Material_31751570_lamp2.pdf
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PRESS RELEASE
MPPA CONTINUES GROWTH TRAJECTORY IN 9M24 RESULTS DRIVEN BY
TRANSFORMATION INITIATIVES
Key Highlights:
• Net sales: Increased by 2.3% with a 3% comparable store sales growth.
• Profit improvement: Positive operating profit, with year-to-date net profit up by IDR 155 billion
• The transformation journey continues to drive operational efficiency and building the essential
foundation for sustained shareholder value
Financials YTD Sep-24 YTD Sep-23 Change
(IDR Billion)
Net Sales 5,441 5,318 +2.3%
Gross Profit 927 901 +2.8%
Operating Profit (Loss) 6 (129) +135bn
Net Profit (Loss) (92) (247) +155bn
Tangerang, October 31, 2024 – PT Matahari Putra Prima Tbk ("Company" / "MPPA") reports continued
growth in 9M24, with net sales increasing by 2.3% compared to the same period in 2023. This growth
underscores the Company's commitment to optimizing its top-line performance and operational
productivity. Year-to-date, MPPA achieved a significant progress in operating profit, up by IDR 135 billion
from last year, further highlighting the impact of its operational and customer-focused initiatives.
Adrian Suherman, MPPA's President Director and CEO, commented "Our third quarter performance affirm
our dedication to sustainable growth and operational excellence The ongoing transformation is delivering
clear financial benefits, and we are optimistic about continuing this positive momentum as we pursue our
strategic goals. MPPA remains focused on delivering superior value to both our customers and
shareholders.”
MPPA continues to prioritize enhanced store experiences and optimized product offerings to solidify its
market position. Through initiatives across store design, product management, and customer service, the
Company is creating a modern, engaging shopping environment while achieving operational efficiencies.
These efforts reinforce MPPA’s path toward sustained growth and profitability.
***OOO***
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
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For more information, contact: PT Matahari Putra Prima Tbk. Email: corporate.communication@hypermart.co.id Website: http://mppa.co.id ------------------------------------ This press release has been prepared by PT Matahari Putra Prima Tbk (MPPA) and is circulated for general information purposes only. It is not intended for any specific person or purpose and does not constitute a recommendation regarding the safety of MPPA. No warranty (express or implied) is made as to the accuracy or completeness of the information. All opinions and estimates included in this release constitute our judgment as of this date and are subject to change without prior notice. MPPA disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance on the whole or any part of the contents of this press release and neither MPPA nor any of its affiliated companies and their respective employees and agents accepts liability for any errors, omissions, or otherwise, in this press release, and for any inaccuracies or omissions that may occur. Forward-looking statements Certain statements in this release are or may be forward-looking statements. These statements typically contain words such as "will", "expects" and "anticipates" and similar words. By their nature, forward-looking statements involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this release. Factors that could cause actual results to differ include, but are not limited to, economic, social and political conditions in Indonesia; the state of the property industry in Indonesia; prevailing market conditions; increases in the regulatory burden in Indonesia, including environmental regulations and compliance costs; foreign exchange rate fluctuations; interest rate trends, cost of capital and availability of capital; anticipated demand and pricing for our developments and related capital expenditures and sale investments; construction costs; availability of real estate properties; competition from other companies and venues; shifts in customer demand; changes in operating costs, including employee wages, benefits and training; changes in government and public policy; our ability to become and remain competitive; our financial condition, business strategy and management's plans and objectives for future operations; future receivables generation; and environmental compliance and remediation. If any one or more of such uncertainties or risks, among others, materialize; actual results could differ materially from those estimated, anticipated or projected. In particular, but not limited to, capital costs could increase, projects could be delayed and anticipated increases in production, capacity or performance may not be fully implemented. Although we believe that our management's expectations reflected in such forward-looking statements are reasonable based on the information available to us, no assurance can be given that such expectations will prove to be correct. You should not place undue reliance on such statements. In any event, these statements speak only as of the date hereof, and we undertake no obligation to update or revise any of them, whether as a result of new information, future events or otherwise. 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
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