JAKARTA – PT Matahari Department Store Tbk (LPPF) scored IDR 1.38 trillion of profit in 2022, shifting 51.6% higher from IDR 912.9 billion seen at the end of 2021. After its struggles during the pandemic, this retail company has shown quick recovery and recorded positive performance.

In the Financial Report of 2022 quoted Wednesday (8/3), the revenue from goods clocked up to IDR 12.41 trillion, increasing from IDR 10.28 trillion. Said number consists of retail goods sales of IDR 3.78 trillion and consignation of IDR 8.67 trillion. In 2021, retail goods generated IDR 3.44 trillion of sales, while consignation contributed IDR 6.83 trillion.

The gross profit was recorded at IDR 4.4 trillion, up from IDR 3.57 trillion. Similarly, its operating profit also grew from IDR 1.12 trillion to IDR 1.84 trillion, as did the profit before taxes from IDR 1.10 trillion to IDR 1.63 trillion. (LK/ZH)