MAP Active Sees Strong Results in Q1
The Indonesian retailer’s net income climbed 21% to IDR 339,980 million ($20.8 mm) in the first quarter from IDR 283,405 million, on 17% higher revenues of IDR 4,319,434 million ($264.1 mm) up from IDR 3,693,122 million. Gross margin in the quarter was 60 basis points lower at 47.2%, while SG&A jumped 15%, but leveraged ... Log in to view full article.
