Jakarta, Indonesia, 2014-1-17 — /EPR Retail News/ — PT Matahari Putra Prima Tbk (“MPPA”) reports a healthy total store sales increase for 2013 of 16.2%. (unaudited)
MPPA’s added 19 new Hypermarts, 3 new Foodmart and 16 new Boston Health & Beauty in 2013. Total square meters added was 96,140.
At the end of 2013 MPPA operated 99 Hypermart, 30 Foodmart and 92 Boston Health & Beauty for a total of 221 stores.
MPPA’s SSSG for 2013 was 4.5% (unaudited). Strong fourth quarter SSSG of 5.6% was the highest increase of the past 4 quarters. The 4th quarter SSSG improvement supports improved consumer confidence and the successful implementation of new initiatives.
MPPA will continue the aggressive expansion into 2014 and will open over 20 new Hypermarts, 3 to 5 new Foodmart and over 20 Boston Health & Beauty. This will add over 115,000 square meters to the existing 648,215 square meters at the end of 2013.
MPPA’s total net sales are now fully contributed by Matahari Food Business “MFB”. 2013 annual results will be published in March.
MPPA has the widest geographic coverage and is the fastest growing fast-moving consumer goods modern multi-format food retailer in Indonesia and operates Hypermart, Foodmart, and Boston Health & Beauty. As of December 31, 2013 MPPA has 99 hypermarkets, 30 supermarkets and 92 health and beauty outlets operating in more than 60 cities across Indonesia.
MPPA is listed on the Indonesian Stock Exchange.