During the PPKM (Community Activity Restrictions), Three Fashion Retail Emitters Achieved Revenue Growth in 2021

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Reza Pahlevi 13/04/2022 13:20 WIB

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Three Indonesian fashion retail issuers recorded revenue growth in 2021. Mitra Adiperkasa recorded the highest growth.

Growth of Fashion Retail Issuers' Revenue (2021)

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During the PPKM (Community Activity Restrictions), Three Fashion Retail Emitters Achieved Revenue Growth in 2021

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Growth of Fashion Retail Issuers' Revenue (2021)

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The implementation of Community Activity Restrictions (PPKM) starting last year reduced the operational activities and number of public visits to shopping malls. Despite this, three fashion retail issuers recorded revenue growth in 2021.

PT Mitra Adi Perkasa Tbk recorded the highest growth. The company, with the stock code MAPI, saw its revenue increase by 24% to Rp18.42 trillion in 2021, compared to Rp14.85 trillion in 2020.

Next, PT Matahari Department Store Tbk recorded revenue growth of 15.4%, reaching Rp5.59 trillion. In the previous year, Matahari's revenue was Rp4.84 trillion.

PT Ramayana Lestari Sentosa Tbk recorded the lowest growth. Ramayana's revenue only increased by 2.6%, from Rp2.53 trillion to Rp2.59 trillion.

The revenue growth of these three companies enabled them to return to profit after losses last year. MAP recorded a profit of Rp438.91 billion, Matahari Rp912.85 billion, and Ramayana Rp170.58 billion.

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."