Coal Average Selling Price Increase

MAPI began 1Q23 with a solid performance, reflected in sales that grew 32.5% YoY to IDR 7.5 trillion. The Retail Sales segment led the 1Q23 sales growth of 38.7% YoY. MAPI’s solid performance was due to the low base effect from 1Q22, as well as brand portfolio strength and customer resilience, as MAPI is known to have a middle to upper-income target market. However, the 1Q23 net profit could not grow; it was recorded at IDR 404.6 billion (-30.6% YoY).

Asset Growth

MAPI began 1Q23 with a solid performance, reflected in sales that grew 32.5% YoY to IDR 7.5 trillion. The Retail Sales segment led the 1Q23 sales growth of 38.7% YoY.

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