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INDONESIA PRESS-Matahari records 2013 net profits up 49 pct y/y - Kontan
February 18, 2014 / 2:05 AM / 4 years ago

INDONESIA PRESS-Matahari records 2013 net profits up 49 pct y/y - Kontan

Indonesian retailer PT Matahari Department Store, a unit of Lippo group, booked a net profit of 1.15 trillion Indonesian rupiah ($97 million), a 49 percent increase from 771 billion Indonesian rupiah a year earlier, CEO Michael Remsen said in a statement.

Yearly revenues rose 20 percent to 6.75 trillion Indonesian rupiah. The firm opened nine new outlets during 2013 and currently owns 125 stores across 61 cities. (Kontan)

Note: Reuters has not verified this story and does not vouch for its accuracy.

$1 = 11785.0000 Indonesian rupiahs Compiled by Jakarta Newsroom; Editing by Supriya Kurane

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