Mitra Adi Perkasa Records Rp438 Billion in Net Profit in 2021
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Retail issuer PT Mitra Adiperkasa Tbk recorded net revenue of Rp18.42 trillion with a net profit of Rp438.91 billion in 2021. Revenue increased by 24.1%, and the company turned a loss into a profit.
In 2020, the issuer with the stock code MAPI recorded revenue of Rp14.85 trillion. With that revenue, the company recorded a net loss of Rp553.72 billion.
Total assets decreased to Rp16.78 trillion in 2021 from Rp17.65 trillion in 2020. Liabilities were recorded at Rp9.68 trillion and equity at Rp7.1 trillion.
As of December 2021, Mitra Adiperkasa operated more than 2,300 retail outlets spread across 78 cities. In addition to fashion, MAP also owns food and beverage brands.
Some of the fashion brands owned by MAPI include Zara, Converse, Cotton On, Mango, and Sephora. MAPI also holds the franchise rights for Starbucks, Subway, and Krispy Kreme.
"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."
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