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20240731_MPPA_Laporan Informasi dan Fakta Material_31689771_lamp2.pdf

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Page 1
PRESS RELEASE
MPPA RECORDS CONSISTENT SOLID PERFORMANCE IN THE FIRST HALF
OF 2024

Key Financial Highlights:
   • Net sales increased by 2.3% to IDR 3,787 billion compared to IDR 3,703 billion in the previous year
   • MPPA continuously improve operational efficiency and productivity
   • Operational savings and sales growth contributed to a positive operating profit and significant
        improvement in net loss of IDR 88 billion

                   Financials                              YTD Jun-24                 YTD Jun-23                Change
                   (IDR Billion)
                   Net Sales                                       3,787                     3,703               +2,3%
                   Gross Profit                                      628                       629                -0,1%
                   Operating Profit (Loss)                             10                      (60)              +70bn
                   Net Profit (Loss)                                 (57)                    (145)               +88bn


Tangerang, July 31, 2024 – PT Matahari Putra Prima Tbk (“Company”/”MPPA”), announces its financial
performance for the first half of 2024, recording a 2.3% increase in net sales, reaching IDR 3,787 billion
compared to IDR 3,703 billion in the same period last year. This growth is attributed to various successful
strategic factors implemented by the Company. Additionally, MPPA consistently delivers operational and
productivity improvements, resulting in cost savings of IDR 70 billion, resulting in a positive operating profit
of IDR 10 billion, significantly contributing to reduction in net loss. This positive performance marks three
consecutive quarters of positive results in operating profit, demonstrating the effectiveness of the
transformation path taken by the Company.

Adrian Suherman, MPPA’s President Director and CEO, commented: "We are very pleased with the result
achieved so far. The improvement in financial performance indicates that the strategic steps we have
implemented are beginning to yield positive outcomes. We remain committed to enhancing operations and
services to deliver the best value to our customers and shareholders.”

MPPA has revitalized numerous stores with a fresh design, aiming to provide a more comfortable, modern,
and enjoyable shopping experience for customers. The new store ambiances are designed to enhance
customer interaction with the products and services, ensuring the best possible shopping experience for
everyone. MPPA plans to continue implementing various strategic initiatives to maintain this positive
momentum and optimize growth potential in the future.


                                                                 ***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
Page 2
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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