Retail in Asia

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Matahari Putra Prima’s 1H profit falls as expenses climb

Matahari Putra Prima, a listed retailer that owns the hypermarket chain Hypermart in Indonesia, reported lower profit in the first half of the year as costs climbed faster than revenue.

Net income at Matahari Putra Prima fell 8.4 percent to IDR203 billion (USD17 million) in the January-June period from the same period in 2013. Revenue rose 18 percent to IDR6.4 trillion.

(Source: Jakarta Globe )