Sales at Hypermart Selling Well, the Sun Gets Rp 63 Billion Profit

PT Matahari Putra Prima Tbk (MPPA) recorded a rise in net income during the first quarter of 2013 to Rp 63.2 billion. The figure was up 53.96% of the net profit the same period the previous year which only Rp 29 billion.

The company’s net profit increase was supported by higher revenues in the first quarter of 2013 which reached Rp 2.6 trillion, up 13.04% from the same period revenue last year amounted to Rp 2.3 trillion.

Acquisition of the company’s revenue is contributed full of Matahari Food Division (MFD), which is more than 90% is the result of the Hypermart.

This performance can not be directly compared with last year’s performance, due to the divestiture of assets / non-core business at the end of 2012 ago.

Since its launch in 2004 Hypermart, MFD scored a CAGR growth rate of 27.9%, which is the core strength of the Company’s growth and future prospects.

Operating profit also rose 32.2% to USD 74.6 billion from USD 56.4 billion last year. EBITDA reached USD 165 billion.

MPPA now recorded net interest income of USD 6.9 billion in the first quarter of 2013, higher than net interest expense of Rp 5.6 billion last year. This is due to lower interest expense of Rp 38.3 billion from Rp 62.7 billion last year, in line with the Company’s plan for the payment of the debt from the results obtained from the divestment of non-core end of last year.

Throughout the first quarter of 2013, the company has opened 2 new Hypermart stores located in Jakabaring, Palembang and Ambon.

New outlets Jakabaring further strengthen market dominance Hypermart in West Sumatra, while new outlets Ambon, which is a second outlet in the Maluku islands, also further strengthen market penetration and expansion Hypermart landing in eastern Indonesia.

In 2013, the Hypermart plans to open 20 new outlets across Indonesia.

“It makes us a hypermarket operator with the highest growth rates. Hypermart We will deliver the 100th will be operated at the end of 2013 and will be the largest and leading hypermarket retailer in Indonesia,” said Benjamin Mailool MPPA President in his press conference, in Jakarta, Monday (06/03/2013).

In the same period, MPPA also welcome Temasek Holding a significant shareholder with a plan to have a 26.1% ownership stake in the MPPA.

Together with PT Multipolar Tbk (MLPL) as the majority shareholder with a 50.2% stake, MPPA will get a more solid support from shareholders in its aim to develop the retail business forward.

“We are proud to see MPPA still carve out a good performance in the first quarter of 2013 despite having to operate in a challenging market environment,” said Benjamin.

In addition, the divestment of non-core as well as the successful participation as a strategic shareholder Temasek increasingly bring MPPA achieve its mission to be the No. 1 modern FMCG retailer in Indonesia in the next short period.

“MPPA is a leading modern FMCG retailer in Indonesia, which has the widest network of stores by 82 hypermarkets, 28 supermarkets, 80 pharmacy outlets that operate in more than 52 cities across Indonesia,” he said.

Industry: Kriuk Crispy Egg Rendang

Kriuk Crispy Egg Rendang Not only complaint rice delicious to serve warm, but also delicious eaten alone. The food is typical Payokumbuah after Batiah began to demand not only by the Minang people of West Sumatra or alone. But also from other areas outside of Sumatra. Curious?

Where once only famous rendang beef stuffing with red-brown thick sauce mlekoh, but this one actually rendang unique. Made of chicken eggs with the dried herbs are very much different from beef rendang that I often encounter. Rendang eggs are more similar to the shredded instantly became a favorite when I first tasted it.

Rendang is according to the author, who wears brands ‘Yolanda’ made ​​from steamed egg white and then sliced ​​thinly and fried until dry. Then cooked together with spices regular crate usual rendang beef rendang. Rendang is cooked until the eggs dry spices, but not until charred or blackened. Rendang is very durable eggs do not need to be warmed again. Because it is similar to shredded beef. In fact it could be an interesting gift for family and friends because it is durable!

Unfortunately, eggs are delicious rendang savory nan is not easy to meet in Jakarta. Even if there must have been sent from the place of origin Payakumbuh. Therefore, for a rendang bag weighing about 100 grams egg price Rp.15.000, 00. The most famous eggs rendang is rendang eggs Christine Hakim who was in Jl.Nipah, Padang. There are also brands that Yolanda has long known. In Jakarta rendang eggs can only be found when there is an exhibition of food or a small or home-based industry.