Sunday, June 28, 2009

Mitra Adiperkasa's Sales Predicted to Rise 20%

Monday, 29 June 2009 07:59:09

StockWatch (Jakarta) - Retail company PT Mitra Adiperkasa Tbk (MAPI) is predicted to book sales of IDR3.99-4.16 trillion in 2009 or rising 15-20% from IDR3.47 trillion in 2008, the company's finance director Susiana Latif said.

"We are also confident that we will have a positive bottom line this year after suffering a negative net profit last year because of IDR331.05-billion net loss due to unrealized accident - not operating loss," he said in a public expose on Friday (26/6) in Jakarta.

She said the company recorded sales of IDR1.26 trillion in the period of January-March 2009 or approximately 30-32% of this year's target, with net profit of IDR19 billion or rising sharply 662% versus IDR2.50 billion in the same period of 2008. (abr/bd)

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