MAPI – Performance recovery is likely to be slow

MAPI – Performance recovery is likely to be slow Mitra Adiperkasa (MAPI) is likely to post a decline in profit growth year on year due to weakening gross profit margin and an increase in operating costs. However, MAPI is predicted to still experience revenue growth in 2H24 due to the addition of a number of stores. The possibility of a slow recovery in performance is also supported by the negative impact of the Starbucks boycott and the delay in overseas store expansion, which has an impact on higher inventories and pressure on margins. Furthermore, the increase in interest rates is also an obstacle because it’s impact on people's consumption and purchasing power. (Source : Kontan)