Matahari's profits up 89%

Matahari's profits up 89%

JAKARTA (JP): Publicly listed retailer PT Matahari Putra Prima reported a net profit of Rp 41.3 billion (US$17 million) during the first semester of this year, an 89 percent increase over the same period of last year.

The company said yesterday that sales increased by 7 percent during the period. The increase was mostly from sales in new stores. (rid)