|
|
Article: BRIEFING - ASIA RETAIL - MAY 7, 2008.
- Article from:
- AsiaPulse News
- Article date:
- May 7, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
An executive briefing on retail for May 7, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDONESIAN RETAILER MITRA ADIPERKASA REPORTS HIGHER Q1 SALES
JAKARTA - Publicly listed retail company PT Mitra Adiperkasa (JSX:MAPI) reported a 22 per cent increase in net sales to Rp1.03 trillion (US$113.3 million) in the first quarter of this year from Rp844 billion in the same period last year.
The company, however, posted a sharp decline in net profit from Rp13.22 billion to Rp2.5 billion because of loss on foreign exchange.
...