Company`s President Benjamin Mailool attributed the surge in profit to strong performance of Hypermart, its chain of hypermarkets.
The company, one of the country`s largest retail companies, recorded Rp10.9 trillion in income in 2012 or an increase of 22 percent from the previous year, Benjamin said here on Thursday.
"Hypermart outlets have performed solidly and contributed strongly to overall performance of the company," he said.
He said Matahari Food Division (MFD) was the main contributor with net sales totaling Rp10.4 trillion.
"Since the launch of Hypermart in 2004, MFD has recorded high growth rate in gross sales," he said.
In 2012, the company expanded business by opening new outlets, in all business lines, he added.
MPPA has the largest chain of stores including 80 units of hypermarket, 28 units of supermarket, 79 units of dispensary, more than 100 units of family entertainment centers and 27 book stores, with strategic alliance in the operation of 116 department stores in more than 52 city all over the country.
(H-ASG/B003)
Editor: Jafar M Sidik
Copyright © ANTARA 2013
