Losses Since 2017, Multipolar Records Rp201.26 Billion in Profit in 2021

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Reza Pahlevi 04/04/2022 17:50 WIB

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Multipolar recorded net sales of Rp10.31 trillion with a net profit of Rp201.26 billion.

Multipolar's Net Income and Profit/Loss (2017-2021)

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Losses Since 2017, Multipolar Records Rp201.26 Billion in Profit in 2021

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Multipolar's Net Income and Profit/Loss (2017-2021)

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Lippo Group's investment company, PT Multipolar Tbk, recorded a profit in 2021 after consistently incurring losses since 2017. Multipolar reported net sales of Rp10.31 trillion with a net profit of Rp201.26 billion.

Multipolar's sales are comprised of three segments: retail and distribution, information technology, and stock administration and others. Retail and distribution contributed the most, at Rp6.92 trillion.

Information technology contributed Rp2.95 trillion, while stock administration and others contributed Rp439.75 billion.

Multipolar holds several businesses in its portfolio, including Lippo's retail businesses such as Matahari and Matahari Putra Prima (Hypermart). It also includes Bank NOBU and Multipolar Technology.

This year's profit is the first since 2017. Previously, Multipolar recorded net losses of Rp1.25 trillion in 2017, Rp1.22 trillion in 2018, and Rp866.09 billion in 2019.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."