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Article Date: March 2024
Word Count: 190

MAP Active Finishes the Year Strong

The largest sporting goods retailer in Indonesia saw results slow in the final quarter as net income attributable to shareholders inched down 5% to IDR 351,242 million ($22.5 mm) from IDR 371,672 million, despite 33% higher revenues of IDR 3,974,392 million ($254.4 mm) from IDR 2,978,170 million. Gross margin expanded 80 basis points to 48.1%, and SG&A increased 41% in rupiah, deleveraging 180 b.p. to 33.5% of sales.


For the full year, net income attributable to shareholders increased 18% to IDR 1,388,473 million ($88.9 mm) from IDR ... Log in to view full article.


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