ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

DFIJ Dfi Retail Group Holdings Limited

9.17
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dfi Retail Group Holdings Limited LSE:DFIJ London Ordinary Share BMG2624N1535 ORD $0.05 5/9 (JERSEY REG)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.17 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Retail Stores, Nec 9.17B 32.2M 0.0238 385.29 12.41B

Dairy Farm International Hldgs Ltd Nine Months 2016 Results of PT Hero (6261N)

27/10/2016 10:20am

UK Regulatory


Dfi Retail (LSE:DFIJ)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Dfi Retail Charts.

TIDMDFI TIDMJAR TIDMJDS

RNS Number : 6261N

Dairy Farm International Hldgs Ltd

27 October 2016

To: Business Editor 27th October 2016

For immediate release

PT HERO SUPERMARKET TBK

NINE MONTHS 2016 RESULTS

The following announcement was issued today by the Company's 83.9%-owned subsidiary, PT Hero Supermarket Tbk.

For further information, please contact:

 
Dairy Farm Management Services 
 Limited 
Neil Galloway                    (852) 2299 1896 
 
Brunswick Group Limited 
Siobhan Xiaohui Zheng            (852) 3512 5044 
 

South Tangerang, 27(th) October 2016

PT HERO SUPERMARKET TBK

NINE MONTHS 2016 RESULTS

Highlights

   --    Net revenue down 4% 
   --    Gross profit up 4% 
   --    Net profit of Rp 45 billion 
   --    Store rationalization programme largely completed 

"The retail trading environment is expected to remain difficult for the remainder of the year, especially for the Food business where initiatives are being implemented to improve performance. The Health and Beauty and Home Furnishings businesses have been more resilient and the outlook for these formats remains positive."

Stephane Deutsch

President Director

Results

 
                                                     Unaudited Nine Months 
                                                         2016                     2015   Change 
------------------ 
                                                   Rp billion               Rp billion        % 
------------------  ------------------  ---------------------  -----------------------  ------- 
                                                                                10,963 
 Net Revenue         - Total                           10,470                        *       -4 
 Gross Profit        - Total                            2,602                  2,511 *       +4 
 Operating Profit 
  / (Loss)           - Total                               25                      (3)     n.m. 
 Profit / (Loss) 
  for the period     - Continuing                          35                      (2)     n.m. 
  - Discontinued**                                         10                     (29)     n.m. 
  - Total                                                  45                     (31)     n.m. 
                                                           Rp                       Rp        % 
------------------  ------------------  ---------------------  -----------------------  ------- 
 Profit / (Loss) 
  per Share          - Continuing                           9                      (1)     n.m. 
  - Discontinued**                                          2                      (6)     n.m. 
  - Total                                                  11                      (7)     n.m. 
 -------------------------------------  ---------------------  -----------------------  ------- 
 

* Reclassification due to elimination of consignment sales and Starmart operations

**Starmart operations

n.m. = not meaningful

PRESIDENT DIRECTOR'S STATEMENT

Overview

For the third quarter, sales in the Food business were negatively impacted by store closures, the timing of Eid Mubarak trading, and continuing weakness in consumer confidence. While like-for-like sales were negative for Food, they were positive for both Health and Beauty and Home Furnishings.

Profitability in each of Food and non-Food improved despite the challenging trading environment, partly due to good progress in reducing store operating expenses. Fresh initiatives are being taken to enhance sales growth in Food while sustaining the progress on margins.

Health and Beauty remained focused on range improvements to drive top-line growth, and Home Furnishings saw further development in sales and profitability.

Financial Performance

Total sales in the nine months of 2016 were 4% lower at Rp 10,470 billion. Nevertheless, improved margins and tighter cost controls helped to produce a net profit of Rp 45 billion, a significant improvement over the prior year net loss of Rp 31 billion.

Business Activities

Improvements to the fresh produce offer have been a focus for the Food business and this category has generated positive sales. Other categories, however, declined and initiatives to restore sales growth in these areas are underway. Action is also being taken to improve supply chain efficiency and achieve better utilization of the Group's distribution centres.

In Health and Beauty, Guardian's store rationalization programme is progressing well. Strong like-for-like sales growth and well managed store operating expenses have improved profitability significantly.

In Home Furnishings, IKEA produced strong sales growth and improved margins, resulting in higher profits. The IKEA online sales channel went live in the third quarter.

Of the Group's continuing operations, store numbers for the nine months were reduced by 61 on a net basis, primarily due to the Guardian rationalization programme. As at 30(th) September 2016, the Group operated 465 stores, comprising 55 Giant Ekstra, 148 Giant Ekspres and Hero Supermarket, 261 Guardian Health and Beauty stores and 1 IKEA store.

Prospects

The retail trading environment is expected to remain difficult for the remainder of the year, especially for the Food business where initiatives are being implemented to improve performance. The Health and Beauty and Home Furnishings businesses have been more resilient and the outlook for these formats remains positive.

Stephane Deutsch

President Director

27(th) October 2016

- end -

For further information contact:

Stephane Deutsch, President Director

PT Hero Supermarket Tbk

Tel: +62-21-8378 8388, Fax: +62-21-831 7764

This information is provided by RNS

The company news service from the London Stock Exchange

END

DOCUBAKRNNARURA

(END) Dow Jones Newswires

October 27, 2016 05:20 ET (09:20 GMT)

1 Year Dfi Retail Chart

1 Year Dfi Retail Chart

1 Month Dfi Retail Chart

1 Month Dfi Retail Chart

Your Recent History

Delayed Upgrade Clock