PT Matahari Putra Prima Tbk 2020 AR2
The report highlights PT Matahari Putra Prima Tbk's strategic focus in 2020 on consumer retailing and the expansion of its omni-channel capabilities amid the COVID-19 pandemic. The company successfully launched its Chat & Shop service via WhatsApp and collaborated with major marketplaces like GrabMart, Shopee, and Tokopedia, growing its online business to 4-5% of total sales. Additionally, the company became the first modern retailer in Indonesia to receive a Halal Decree for all 150 of its operating locations. Despite a challenging macroeconomic environment that led to a 22% decrease in net sales, the company achieved significant cost savings of 15% in selling, general, and administrative expenses.
Company: PT Matahari Putra Prima Tbk
Sector: Consumer Staples
Country: Indonesia
Year: 2020
Type: AR2
Pages: 260
PT Matahari Putra Prima Tbk
Annual Report
The report highlights PT Matahari Putra Prima Tbk's strategic focus in 2020 on consumer retailing and the expansion of its omni-channel capabilities amid the COVID-19 pandemic. The company successfully launched its Chat & Shop service via WhatsApp and collaborated with major marketplaces like GrabMart, Shopee, and Tokopedia, growing its online business to 4-5% of total sales. Additionally, the company became the first modern retailer in Indonesia to receive a Halal Decree for all 150 of its operating locations. Despite a challenging macroeconomic environment that led to a 22% decrease in net sales, the company achieved significant cost savings of 15% in selling, general, and administrative expenses.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English, Indonesian
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees