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CORPORATE STRATEGIC - JAKARTA. PT Matahari Putra Prima Tbk (MPPA) has announced its financial performance for the first half of 2024, reporting a 2.3% increase in net sales to IDR 3.78 trillion, up from IDR 3.70 trillion in the previous year.
Adrian Suherman, President Director and CEO of MPPA, stated that this growth was driven by various strategic factors successfully implemented by the company.
In addition, MPPA has continuously made improvements in operational efficiency and productivity, contributing to savings of IDR 70 billion, generating a positive operating profit of IDR 10 billion, and significantly reducing net losses.
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"This positive performance marks three consecutive quarters with positive results in operating profit, demonstrating the effectiveness of the transformation path undertaken by MPPA," Adrian revealed in a press release on Wednesday (31/7).
He continued, MPPA has also rejuvenated several stores with a new look designed to provide a more comfortable, modern, and enjoyable shopping experience for customers.
This new look is expected to enhance customer interaction with the products and services offered, thus providing the best shopping experience for customers.
MPPA also plans to continue implementing various strategic initiatives to maintain this positive momentum and optimize future growth potential.
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"We are very pleased with the results achieved so far. The improvement in financial performance shows that the strategic steps we have implemented are starting to yield positive results. We remain committed to continuously strengthening operations and services to provide the best value for our customers and shareholders," he concluded.
As of the end of June 2024, MPPA recorded a net loss of IDR 57 billion. This figure has significantly decreased compared to the loss in the same position last year of IDR 145 billion.
