PT Matahari Putra Prima Tbk Announces Sales Results for the First Half Ended June 2012; Provides Sales and Capital Expenditure Guidance for the Full Year of 2012; Plans to Open Eight More Outside Java
The company expects to reach IDR 11.53 trillion in net sales by the end of 2012, up 24% from last year. It allocated IDR 680 billion to this year's capital expenditures and disbursed IDR 360 billion in the first half of the year for the construction of the new Hypermart outlets.
As of September 2012, the company operated 74 Hypermart outlets including one in Maluku and Papua and planned to open eight more outside Java by the end of this year, with a special focus on eastern Indonesia.