MAP Active Posts Big Sales Gains in Q3
Net income attributable to shareholders at the Indonesian retailer grew 15% to IDR 374,675 million ($25.2 mm) in the third quarter from IDR 326,135 million last year, on a 43% increase in revenues of IDR 3,613,943 million ($243.0 mm), up from IDR 2,531,036 million. Gross margin in the quarter was down 150 basis points to 48.3%, normalizing from last year’s high due to high inflation during the period. SG&A increased 170 b.p. to 32.9% ... Log in to view full article.
