JAKARTA. PT Matahari Putra Prima Tbk (MPPA) suffered pressure throughout 2018, which caused its net profit to drop 14.89% from Rp 12.56 trillion to Rp 10.69 trillion.
Based on the company's financial statements, MPPA's sales fell from Rp 12.46 trillion to Rp 10.59 trilion. Meanwhile, consignment sales edged up slightly from Rp 673.12 billion to Rp 678.05 billion.
With cost of goods sold of Rp 9.21 trillion and a gross profit of Rp 1.48 trillion, MPPA recorded a current year loss in 2018 of Rp 898.27 billion, smaller than Rp 1.24 trillion in the previous year. (KR/MS)