Matahari targets higher sales

Matahari targets higher sales

JAKARTA (JP): Publicly listed retailer PT Matahari Putra Prima
is upbeat total sales will increase by 30 percent to Rp 3.6
trillion (US$514 million) next year from Rp 2.8 trillion this
year.

The company's senior executive, Rendi Paringkuan, attributed
the higher sales target to an expected sharp increase in the
demand for consumer goods.

"The favorable signs of political and economic conditions
could later strengthen Indonesians' purchasing power," Rendy said
over the weekend.

The company reported sales of Rp 2.06 trillion in the first
nine months of this year, up from Rp 1.58 trillion for the same
period last year.

The company's net profit totaled Rp 169.11 billion in the
January-September period, swinging up from a net loss of Rp
147.32 billion for the same period a year earlier.

The company has 74 stores nationwide, of which 24 are located
in Jakarta, and plans to set up more stores to optimize sales in
anticipation of growing public demand.

Rendy said the company, which has 90 percent of its goods
deriving from domestic products supplied by small and medium
companies, is committed to developing the industries by
supporting their marketing through its nationwide network. (06)