How many Matahari Department Store branches are there?

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Viva Budy Kusnandar 24/09/2021 14:10 WIB

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As of the end of the first half of 2021, Matahari Department Store Tbk operated 148 stores throughout Indonesia. However, Matahari has closed four of its stores by mid-September of the same year.

Number of Matahari Department Store Outlets (2010 - 2021*)

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How many Matahari Department Store branches are there?

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Number of Matahari Department Store Outlets (2010 - 2021*)

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PT Matahari Department Store Tbk had 148 stores throughout Indonesia by the end of the first half of 2021. Of these, 37 were located in Jakarta.

Furthermore, 50 stores were located in Java (excluding Jakarta and its surrounding areas), while 61 stores were located outside Java.

Since the beginning of the year, this Lippo Group retail company has closed three stores in Jakarta, Yogyakarta, and Bandung. In mid-September, Matahari closed another store in Bogor, bringing the total number of closures to four, leaving 144 stores in operation.

Matahari plans to close more underperforming stores by the end of the year. As a result, the total number of remaining Matahari stores by the end of 2021 is estimated to be 137.

The company, with stock code LPPF, recorded revenue of Rp 3.57 trillion in the first half of 2021. This figure represents a 58.44% increase compared to the same period the previous year, which was Rp 2.25 trillion.

Meanwhile, the company's cost of revenue grew by 43.55% to Rp 1.29 trillion. As a result, LPPF recorded a net profit of Rp 532.48 billion in the first half of the year.

LPPF's equity surged by 138.61% to Rp 1.39 trillion. Meanwhile, its liabilities decreased by 7.4% to Rp 5.32 trillion. Consequently, LPPF's assets grew by 6.03% to Rp 6.7 trillion in the first six months of the year.

Editor : Dimas Jarot Bayu

"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."