Matahari Received Indonesia Best Issuer Award 2019

Jakarta, August 30th, 2019 – Matahari Department Store Tbk has won Indonesia Best Issuer Award 2019 in the trade, service, and investment sector. In honoring Matahari’s good Earning Before Interest, Taxes, Depreciation, and Amortization (EBITDA) performance from year to year. The award ceremony was held on 29 August 2019 at Hotel Le’Meridien, Jakarta, and Mr. Roy N. Mandey, Vice President Commissioner of Matahari, was the recipient of the award.

“We notice the industry revolution in Indonesia as well as the ever-changing consumers’ trend are crucial factors. Hence, Matahari will always adapt to market condition by continuing to innovate and producing products that match with our consumers’ preference. Matahari will continue innovating to satisfy our consumers and generate good company performance.” said Roy N. Mandey.

Indonesia Best Issuer Award was presented by ThinknovateComm and supported by Pikiran Rakyat, the oldest and biggest media group in Indonesia. This award was aimed for the public listed companies that were registered in Indonesia Stock Exchange (IDX), which were described by ThinknovateComm as the best public listed company in their industries. The scoring process was conducted by ThinknovateComm in April to May 2019 by analyzing the public listed companies that were registered in IDX for minimum 3 years. The main focus of the scoring method was the EBITDA performance for three years.

The achievement of this award indicates that Matahari is able to deliver positive performance despite the challenging economic condition. Matahari is always optimistic to keep on contributing to the capital market in Indonesia.

Photo caption:

Seen in the picture, Roy N. Mandey, Vice President Commissioner of Matahari, received the Indonesian Best Issuer Award 2019