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MAP Boga Adiperkasa posts Rp 165.72 billion net profit in 2019

16 April 2020 13:18

JAKARTA - Restaurant and cafe operator PT MAP Boga Adiperkasa Tbk (MAPB) posted a Rp 165.72 billion net profit in 2019, up 49.72% year on year (yoy) from Rp 110.69 billion in the previous period.

According to the company's 2019 financial report published on the Indonesia Stock Exchange's (IDX) website on Thursday (16/4), the increase was driven by sales growth of 20.1% yoy from Rp 2.58 trillion to Rp 3.09 trillion.

The company, which runs Starbucks outlets in Indonesia, relies on the sales of beverage which contributed 64.42% (Rp 1.99 trillion) to its total revenue, followed by the sales of food which contributed 27.47% (Rp 850.06 billion).

Aside from Starbucks, the company also operates other F&B outlets such as Pizza Marzano, Krispy Kreme, Godiva, Cold Stone Creamery, Genki Sushi, and Paul. (ARM/MS)

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