13 August 2014
As key Indonesian retailers report income decline in H1, we examine the market's rising costs.
Sales growth tempered by income decline for Hypermart and 7-Eleven operators
In the first half of the year, Matahari Putra Prima, operator of Hypermart stores, saw strong double digit revenue growth, up 18% to IDR 6.4tn. However, in the period net income decline 8% to IDR 203bn.