Catur Sentosa Adiprana - Retail Mitra 10 increase net income of CSAP

Newsflashes

Mitra10 targets IDR 130 billion from three outlets.
PT Catur Sentosa Adiprana Tbk targets the sales of IDR 130 billion from the three renovated outlets. The company’s director, Tjia Tjhin Hwa said that those three outlets were located in Jakarta (Daan Mogot and Percetakan Negara) and Surabaya (Wiyung). She said that the renovation has... Read Detail

Catur Sentosa won contract from Procter & Gamble (P&G)
PT Catur Sentosa Adiprana Tbk (CSAP), the largest independent distribution and modern retail (Mitra10) company in building materials, has signed a memorandum of understanding with Procter and Gamble Indonesia to distribute consumer goods products. To realize that plan, the company builds a new... Read Detail

Catur Sentosa Eyes on the Revenue of IDR 3.3 Trillion
The shareholders of PT Catur Sentosa Adiprana Tbk (CSAP) had agreed the acquisition of land for the opening of new distribution branches worth of IDR 19.4 billion. The acquisition is expected to boost sales to grow by 15% to IDR 3.3 trillion in 2010. The finance director of Catur Sentosa, Triana... Read Detail

Catur Sentosa targets its sales grow by 15%
PT Catur Sentosa Adiprana Tbk plans its sales grow by 15% from Rp 2.9 trillion (unaudited)in 2009 to Rp 3.3 trillion. Triana Soenaryo, Catur Sentosa’s finance director, said that the improved macro economy condition such as low interest rates and better property industry condition... Read Detail

Catur Sentosa aims for IDR 3.3 trillion sales
PT Catur Sentosa Adiprana Tbk targeted 2010 sales will be IDR 3.3 trillion, grew 15% from 2009 (IDR 2.85 trillion). Better economy growth expectation, inflation rate, BI rate and buying power will sustain this year sales. Sales increase will be contributed from three business segments. The... Read Detail

Press Release & Media Clipping

April, the sales of Catur Sentosa’s subsidiary increased by 14.69%
The sales of PT Catur Sentosa Adiprana Tbk’s subsidiary, Mitra10, increased by 14.69% to IDR 166.16 billion in the first four month of 2009. That sales contributed for 16.54% to the total company’s consolidated sales . The director of Catur Sentosa, Idrus H Widjadjakusuma... Read Detail

Net Income of CSAP rose 67%
The building material distribution company, PT Catur Sentosa Adiprana Tbk in 2008 booked a net profit of Rp 56.22 billion, rose 67% from Rp 33.49 billion in the previous year. “The surge in net profit was boosted by a 27.06% rise in sales from Rp 2.13 trillion in 2007 to Rp 2.71 trillion in... Read Detail

Retail Mitra 10 increase net income of CSAP
In the current economic condition, the building material store chain, PT Catur Sentosa Adiprana Tbk still can book an increase in the net profit and succeeded in increasing the net income by 67% from Rp 33.49 billion in 2007 to Rp 56.22 billion in 2008. The strong increase in net profit was... Read Detail

CSAP prepares Rp 150 billion for outlet expansion
PT Catur Sentosa Adiprana Tbk prepares Rp 150 billion to build ten new Mitra 10 outlets in this year. Those outlets will be opened in many areas such as Jabodetabek, Yogyakarta, Makassar and Bali. “The company will open Mitra 10 Express and Mitra 10, five outlets for each category”,... Read Detail

Prospective Sector in 2009
Vonita Febriyantie, a capital market observer working in PT Indo Premier Securities, listed three sectors that are prospective in 2009. 1. Infrastructure sector - The sector has the brightest opportunity as the government keeps pushing the infrastructure projects to increase the economic... Read Detail

Retail Mitra 10 increase net income of CSAP

In the current economic condition, the building material store chain, PT Catur Sentosa Adiprana Tbk still can book an increase in the net profit and succeeded in increasing the net income by 67% from Rp 33.49 billion in 2007 to Rp 56.22 billion in 2008.

The strong increase in net profit was boosted by 27.06% rise in sales from Rp 2.13 trillion in 2007 to Rp 2.71 trillion in 2008. The company was also succeeded in maintaining the profitability margin by managing the inventory, operating expense and other expense. It is proven by the increase in gross margin from 12.57% to 13.46%, while the operating margin grew from 3.48% to 4.01% and the net margin also increased from 1.57% to 2.07%.

“This is a special honour for the company since we succeeded in increasing our performance in 2008. This result came from company strategy which sped up the growth in retail segment that has room to grow. This year Mitra 10 modern retail segment rose 38% or contributed a Rp 495.55 billion of sales,” said the director of CSAP, Idrus H Widjadjakusuma.

The surge in sales came from good contribution of any business segment. Retail segment rose 38% from Rp 360.01 billion in 2007 to Rp 495.55 billion in 2008. This year, the contribution from retail segment increased from 16.87% in 2007 to 18.27% in 2008. Building material distribution segment rose 25.41% from Rp 1.64 trillion in 2007 to Rp 2.06 trillion in 2008, while chemical distribution rose 18.87% from Rp 131.55 billion to Rp 156.37 billion in 2008.

“To speed up the retail segment, we have created several strategies including re-modeling and relaunching the outlet of Superstore Mitra 10. We believe in 2009 this segment can still grow,” said Idrus.

Sumber : Rakyat Merdeka, 24 Maret 2009.