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20240430_MPPA_Laporan Informasi dan Fakta Material_31632712_lamp1.pdf
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PRESS RELEASE
MPPA PROFIT TURNAROUND CONTINUES IN 1Q24
Highlights:
• Positive result on operating profit.
• Sales increased by 10.6% to IDR 1,975 billion from IDR 1,786 billion
• Productivity review resulted in IDR 50 billion savings
• Net loss improved by IDR 70 billion to (IDR 30 billion) from (IDR 100 billion)
Financials 1Q 24 1Q 23 Change
IDR Billion IDR Billion %
Net Sales 1,975 1,786 +10,6%
Gross Profit 319 305 +4,4%
Operating Profit (Loss) 4 (60) NM
Net Profit (Loss) (30) (100) NM
Tangerang, April 30, 2024 – PT Matahari Putra Prima Tbk (“Company”/”MPPA”), announces its financial
and operational performance for the first quarter of 2024. The year commence with sustained result,
marking the second consecutive quarter of positive operating profit. This achievement reflects the
Company’s commitment to continuous improvement in alignment with its strategic objectives, further
strengthen by increased customers traffic during the Ramadhan season.
Key Financial Highlights:
• MPPA net sales increased by 10.6% to IDR 1,975 billion compared to IDR 1,786 billion last year.
This performance was driven by the momentum of the Ramadhan season, leading to an increase
in customer traffic.
• Continued focus on operational and productivity improvements resulted in savings of IDR 50
billion, thus resulting in positive operating profit and significant reduction in net loss by IDR 70
billion.
As part of the Company’s customer-centric initiatives, during Ramadhan, MPPA expressed gratitude
through “Sejuta Bahagia Berbagi Ketupat” program, aiming to reconnect with local community and
shoppers. Additionally, during festive seasons, the Company ensures the availability of staple food such
as rice, cooking oil, and various household needs at affordable price, aligning with government regulations
and reinforcing its commitment to customer value proposition.
Moving ahead, MPPA will continue to optimize its store network and recommence expansion to broaden
presence across diverse region. In line with this strategy, the Company inaugurated its first outlet in Istana
Plaza Bandung at the onset of 2024.
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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Adrian Suherman, MPPA’s President Director and CEO, commented: "We are delighted with the
sustained performance reflected in our financial results. Looking ahead, we are committed to accelerating
the rollout of our company strategy with a strong focus on customer-centricity. As we expand our store
network, we will persist in revitalizing our outlets, product assortment and offerings to better serve the
evolving needs of our customers”.
***OOO***
For more information, contact:
PT Matahari Putra Prima Tbk.
Email: corporate.communication@hypermart.co.id
Website: http://mppa.co.id
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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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