Feb 14, 2011

Multipolar eyeing Rp12 trillion revenue

PT Multipolar Tbk, parent of Matahari Group, is eyeing Rp12 trillion revenue this year, a 7.2% higher than last year achievement of Rp11.2 trillion.
Recurring income is targeted to increase 23.9% to Rp12 trillion from Rp9.7 trillion last year amid to the nonrecurring income from the sales of PT Matahari Department Tbk shares worth IDR1.5 trillion.
Multipolar Managing Director Harijono Suwarno said for this year they will double Hypermart asset through PT Matahari Putra Prima Tbk and overseas investment.
“We continue to develop our retail business and to increase our hypermart’ assets,” as he said on an official statement, last week.
The company is targeting to open 17 new Hypermart stores or thrice than 5 stores opened in 2010. Every business division is encouraged to run strategy for sustainable growth.
Due to the expansion, earnings before interest, tax, depreciation and amortization (EBITDA) is estimated to reach Rp651 billion, up 40% than last year level of Rp467 billion. 

Disclosure: No position at the stock mentioned above.  

Print This Article

No comments: