JAKARTA - PT Mitra Adiperkasa Tbk (MAP) recorded a positive result in 2019. The company’s net revenue increased 14% to Rp21.6 trillion with Same Store Sales Growth (SSSG) of 4%, operating profit amounted to Rp 1.9 trillion (+28.2%) and EBITDA grew by 21.5% to Rp 2.8 trillion. On the bottom line, net profit jumped by 43.0% billion to Rp 1.2 trillion.
Full year top line growth was driven by the underlying strength of MAP business, the performance of our Active, F&B and Digimap business, as well as strong growth in eCommerce, with digital channels (including Mapemall, PlanetSports.asia and Zara) growing more than 100%.
Ratih D. Gianda, VP Investor Relations & Corporate Communications MAP Group said, “Our full year 2019 performance reflected the strength and resilience of our diverse portfolio. Despite headwinds, we delivered against our top and bottom line expectations. Looking ahead, we expect the recent outbreak of Covid-19 to affect our 2020 results, but we are taking strong actions to minimize impact and disruption to our business. As we continue to navigate through the “New Normal” due to the pandemic, we will tightly control our expenses, ramp up focus on Omni-channel through partnership with delivery aggregators and FinTech companies and leverage on MAP Club as it will become the vehicle of our omni-channel journey,”
As of December 2019, MAP operates 2,320 retail outlets in 79 cities throughout Indonesia. (LM)