Q1 2024 Matahari Department Store Tbk PT Earnings Call Transcript

Apr 30, 2024 / 09:30AM GMT
Operator

Good afternoon, everyone. Thank you for standing by. We are delighted to have you in Matahari's First Quarter 2024 Earnings Call, hosted by Mr. Monish Mansukhani, Chief Executive Officer; and Mr. Niraj Jain, Chief Financial Officer. (Operator Instructions). Today's call is being recorded on Tuesday, the 30th of April 2024. The recording will be available on our website shortly. Without further ado, I will now pass the call over to our first speaker, Mr. Monish Mansukhani Please, sir?

Monish Mansukhani - PT Matahari Department Store Tbk - CEO, Member of the Management Board & VP Director

Thank you, Patrick. Good afternoon, everyone, and thank you for joining us for our first quarter 2024 earnings call. Today, I'll share our performance for the first quarter, provide insights into our Lebaran season and update you on the progress of our strategic initiatives. In summary, Patrick, can you go to the next slide. In summary, we saw a robust first quarter with sales increasing by 35.9%, thanks to an earlier Lebaran. Adjusting for this timing, our underlying

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