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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Jardine Strategic Holdings Ld | LSE:JDSB | London | Ordinary Share | BMG507641022 | ORD US$0.05(BERMUDA REG) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 27.9722 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMDFI TIDMJAR TIDMJDS
RNS Number : 3963X
Dairy Farm International Hldgs Ltd
29 April 2019
To: Business Editor 29th April 2019 For immediate release
PT HERO SUPERMARKET TBK
FIRST QUARTER 2019 RESULTS
The following announcement was issued today by the Company's 85.8%-owned subsidiary, PT Hero Supermarket Tbk.
For further information, please contact:
Dairy Farm Management Services Limited Kirsten Molyneux (852) 2299 1884 Sindy Wong (852) 2299 3011 Brunswick Group Limited Helen Smith (852) 3512 5023
South Tangerang, 29(th) April 2019
PT HERO SUPERMARKET TBK
FIRST QUARTER 2019 RESULTS
Highlights
-- Net revenue slightly higher at Rp 3,060 billion -- Net loss of Rp 4 billion, broadly flat on prior year -- Strong sales growth continued in Health and Beauty and IKEA -- Food business continued to face challenges but showing improvement
Results
(Unaudited) First Quarter 2019 2018 Change --------------------- Rp billion Rp billion % --------------------- ----------- ----------- ------- Net Revenue 3,060 3,045 0.5 Gross Profit 872 867 0.6 (Loss) for the year (4) (4) 14.8 Rp Rp % ----------- ----------- Loss per share (1) (1) - ---------------------- ----------- ----------- -------
PRESIDENT DIRECTOR'S STATEMENT
Introduction
Sales for the period were marginally ahead of the comparable period last year, with Non-Food businesses continuing to perform well, partly offset by softness in the Food business.
Financial Performance
Total sales in the first quarter increased slightly by 0.5% to Rp 3,060 billion. The Company recorded a net loss of Rp 4 billion, broadly flat against the comparable period in 2018.
Food sales were 5% lower at Rp 2,345 billion, impacted by the launch of a store consolidation plan designed to improve space productivity and underlying profitability over time. The Food business recorded an operating loss of Rp 64 billion, before unallocated corporate expenses, compared with Rp 87 billion in the comparable period last year.
Sales in the Non-Food businesses increased substantially, up 21% to Rp 715 billion with both Guardian and IKEA showing strong growth. Guardian ran a series of successful beauty category promotions, but IKEA's profitability was lower primarily due to the increased cost of goods compared with last year and the pre-opening expenses incurred for new stores under development. Operating profit was Rp 79 billion, before unallocated corporate expenses, compared with Rp 87 billion last year.
Business Activities
PT Hero remains committed to its multi-year transformation plan, with particular focus placed on the Supermarkets and Hypermarkets business, as well as further investment in the expansion and format development of the Health and Beauty business in Indonesia.
IKEA will focus on its strategy of improving accessibility and convenience by growing its online business and expanding its store network. In addition to the ongoing projects at Jakarta Garden City and Kota Baru Parahyangan in Bandung, both of which are planned to open at the end of 2020, plans are underway to convert one Giant hypermarket to an IKEA store.
Prospects
PT Hero remains firmly focused on its multi-year strategic transformation and is confident that the actions currently underway will lead to longer-term sustainable improvements.
Patrik Lindvall
President Director
29(th) April 2019
- end -
For further information contact:
Patrik Lindvall, President Director
PT Hero Supermarket Tbk
Tel: +62-21-8378 8388
E-mail: extcomm@hero.co.id
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DOCSELSUUFUSELL
(END) Dow Jones Newswires
April 29, 2019 05:49 ET (09:49 GMT)
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