Operating expenses soar, Matahari's net profit slumps 51.2%
27 Feb 2024 14:38
The net profit of PT Matahari Department Store Tbk (LPPF), a retail company owned by the Lippo Group, fell by 51.2% throughout 2023 due to high operating expenses.
Catering to youth, Ace Hardware to open Ataru outlet in Surabaya
20 Feb 2024 09:56
PT Ace Hardware Indonesia Tbk (ACES) has reportedly opened one new outlet in Surabaya under the brand Ataru, designed to cater to the needs and lifestyle of young generation.
Swarmed by young investors, capital market’s assets still in the hand of veterans
29 Jan 2024 16:53
The number of investors in the capital market of Indonesia has reportedly increased 18.01% in 2023, thanks to retail investors’ growing interest, according to the data from Indonesia Central Security Depository (KSEI).
DMMX to pair up with hotels and retails in AI-based smart retail
05 Jan 2024 18:25
PT Digital Mediatama Maxima Tbk (DMMX) has implemented an Artificial Intelligence (AI) based smart retail solution in several locations, including the Middle East, South America, and Southeast Asia.
Matahari Department Store to switch up directors and commissioners
22 Dec 2023 12:54
PT Matahari Department Store Tbk (LPPF), a retail company operating since 1958, has changed the board of directors and commissioners after conducting its Extraordinary General Meeting of Shareholders today (22/12).
BSI pushes sharia wealth management ecosystem, securing international award
13 Dec 2023 13:32
PT Bank Syariah Indonesia Tbk (BRIS) continues to prove its commitment in becoming financial, social, spiritual partners to its users in managing wealth in sharia fashion through exclusive services of BSI Prioritas.
Boosting sales, SIDO to add 10% more wholesalers this year
10 Aug 2023 11:25
PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) will raise approximately 10% of its wholesalers and retailers, especially outside Java to boost sales. As of now, this herbal medicine manufacturer managed 150,000 wholesalers.
Matahari Department Store to distribute cash dividend IDR 525 per share
30 Mar 2023 17:31
PT Matahari Department Store Tbk (LPPF) will distribute cash dividends from net profit for the 2022 fiscal year of IDR 525 per share.
Matahari to cut buyback budget up to 80%
28 Mar 2023 06:23
PT Matahari Department Store Tbk (LPPF) cut the allocated funds for shares buyback to IDR 200 billion, 80% lower than the initially planned budget
Matahari Department Store to launch 2 new stores in Semarang
17 Mar 2023 05:36
PT Matahari Department Store Tbk (LPPF), one of retail issuers of Lippo Group, has officially introduced 2 new outlets in Semarang, located in The Park Semarang and Uptown Mall BSB City.