Matahari Department Store Received Warta Ekonomi Top 100 Enterprises Award

PT Matahari Department Store Tbk (“Matahari” or the “Company”; stock code: “LPPF”) received Warta Ekonomi (“WE”) Top 100 Enterprises 2018 award for the best in retail industry category. This award was received on Friday, 29 June 2018 at Mawar Ballroom, Balai Kartini.

In facing Indonesia’s changing economic development and to maintain the sustainability of the business, each company are obliged to keep innovating and preserving its financial performance as well its reputation. Companies with good performance and reputation will help to sustain the country’s economic development. WE Top 100 Enterprises is held by Warta Ekonomi to give appreciation to 100 best companies which is known by public, have positive reputation and image, innovative, and have good financial performance from all industry categories.

In determining WE Top 100 Enterprises, Warta Ekonomi Research and Consutling (“WERC”) conducted series of research which consist of desk research which is secondary data collection of companies, media monitoring through media content analysis, and consumer survey which is conducted through field survey and online in provinces in Indonesia. From the research, Matahari successfully received an award as one of WE Top 100 Enterprises for retail industry category.

The presence of Matahari across Indonesia and its good performance has built its good reputation in the public’s eye. By receiving WE Top 100 Enterprises award as the best in retail industry category, Matahari expects to continue to support the economy in Indonesia by keep delivering a good performance.