PT Multipolar Tbk (MLPL), holding company of the country’s largest retailer PT Matahari Putra Prima Tbk (MPPA), posted net profit of Rp2.83 trillion in 2010, mostly contributed by asset sale.
It recorded net earning per share (EPS) of Rp505.52, compared to Rp65.25 a previous year.
The company booked extraordinary gain of Rp5.73 trillion, from selling PT Matahari Department Store Tbk, unit of PT Matahari Putra Prima Tbk (MPPA).
It however said revenue declined 12.4% to Rp9.53 trillion, from Rp10.88 trillion a year earlier while cost of good sold only slightly increased to Rp7.36 trillion. As a result, gross profit dropped 41% to Rp2.17 trillion.
As the company also recorded operating expense of Rp2.15 trillion, it only booked operating profit of Rp15.89 billion, dropped 97% from Rp545 billion in 2009.
By end 2010, Multipolar's assets totaled Rp14.01 trillion while liability amounted Rp5.516 trillion.
The company booked extraordinary gain of Rp5.73 trillion, from selling PT Matahari Department Store Tbk, unit of PT Matahari Putra Prima Tbk (MPPA).
It however said revenue declined 12.4% to Rp9.53 trillion, from Rp10.88 trillion a year earlier while cost of good sold only slightly increased to Rp7.36 trillion. As a result, gross profit dropped 41% to Rp2.17 trillion.
As the company also recorded operating expense of Rp2.15 trillion, it only booked operating profit of Rp15.89 billion, dropped 97% from Rp545 billion in 2009.
By end 2010, Multipolar's assets totaled Rp14.01 trillion while liability amounted Rp5.516 trillion.
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