INDONESIA PRESS-Matahari Department Store gets 1.88 trln rph loan - Kontan

Sun Apr 27, 2014 9:34pm EDT

Retailer PT Matahari Department Store Tbk, a unit of Lippo Group, has secured a loan worth 1.88 trillion rupiah ($163 million) from Bank BNP Paribas Indonesia and PT Bank CIMB Niaga Tbk to refinance its debt, Director Miranti Hadisusilo was quoted as saying by Kontan.

The firm posted a net profit of 1.15 trillion rupiah in 2013, up 49 percent from a year earlier. Revenue grew 20 percent.

($1 = 11,564.5 rupiah) Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Jakarta Newsroom; Editing by Prateek Chatterjee)