George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDfi Retail Intl Regulatory News (DFI)

Share Price Information for Dfi Retail Intl (DFI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.0705
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 4.0705
DFI Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Nine Months 2018 Results of PT Hero

30 Oct 2018 10:02

RNS Number : 7057F
Dairy Farm International Hldgs Ltd
30 October 2018
 

To: Business Editor

30th October 2018

For immediate release

 

 

 

 

 

 

PT HERO SUPERMARKET TBK

NINE MONTHS 2018 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

Neil Galloway

(852) 2299 1896

Brunswick Group Limited

Kirsten Molyneux

(852) 3512 5053

 

 

South Tangerang, 30th October 2018

 

PT HERO SUPERMARKET TBKNINE MONTHS 2018 RESULTS

 

Highlights

 

· Net revenue down 1%, held back by the Food business

· IKEA and Guardian show continued strong performance

· Net profit increased by 23% to Rp 86 billion, despite a larger Food business loss

 

"While our overall Food business remains challenging, the performance of IKEA and Guardian continues on a positive trajectory."

 

Patrik Lindvall

President Director

 

Results

 

(Unaudited)

Nine Months

2018

2017

Change

Rp billion

Rp billion

%

Net Revenue

9,849

9,961

-1

Gross Profit

2,744

2,638

+4

Operating profit

92

77

+20

Net Profit

86

70

+23

Rp

Rp

%

Net Profit per share

21

17

+24

 

 

PRESIDENT DIRECTOR'S STATEMENT

 

Overview

 

During the first nine months of the year, the Food business overall continued to face challenging conditions. The decline in sales also reflected the impact of closures of some underperforming stores. Profitability for the period improved, however, due to the continuing growth of the Non-Food businesses, which more than offset a larger loss from the Food business. While the third quarter loss for the Food business was lower than previous quarters, this was principally due to the timing of certain income.

 

Financial Performance

 

Total sales in the first nine months of 2018 were 1% lower at Rp 9,849 billion (2017, Rp 9,961 billion), due to lower sales in Food, while Non-Food delivered strong top line growth from a combination of like-for-like expansion and a number of new Guardian stores. The Company recorded a net profit of Rp 86 billion for the first nine months of 2018, compared with Rp 70 billion in the same period last year.

 

Food sales were 6% lower at Rp 7,841 billion (2017, Rp 8,342 billion), due to closures of some underperforming stores and negative like-for-like sales, leading to a segment operating loss of Rp 163 billion, compared with a loss of Rp 79 billion in the same period last year.

 

Sales in Guardian and IKEA grew by 24% to Rp 2,008 billion (2017, Rp 1,619 billion), with strong like-for-like sales. Segment operating profit was Rp 296 billion, compared with Rp 231 billion in the same period last year.

 

Business Activities

 

Comprehensive improvement actions are being implemented in the Food business, which are centered around enhancing the shopping experience and serving our customers better.

 

Guardian continues to grow in line with expectations. The beauty categories are performing well, driven by new product launches. The new distribution centre in Surabaya is fully operational and will improve stock availability in East Java and Bali.

 

IKEA continued its positive momentum from the first half of the year, with an increase in customer visits to both its Alam Sutera store and its e-commerce channel. The growth of the business is underpinned by a continuous focus on providing the unique IKEA range of well-designed home furnishing products at everyday low prices, inspirational and market relevant home furnishing solutions and a wide range of services, in order to make a visit to IKEA worthwhile and convenient.

 

As at 30th September 2018, the Company operated 448 stores, comprising 59 Giant Ekstra, 96 Giant Ekspres, 31 Hero Supermarkets, 3 Giant Marts, 258 Guardian Health and Beauty stores and one IKEA store.

 

Prospects

 

While our overall Food business remains challenging, the performance of IKEA and Guardian continues on a positive trajectory.

 

Patrik Lindvall

President Director

30th October 2018

 

- end -

 

For further information contact: 

Patrik Lindvall, President Director

PT Hero Supermarket Tbk

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

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
 
 
DOCURVKRWWARORA
Date   Source Headline
25th Mar 20249:26 amRNSBLOCK LISTING INTERIM REVIEW
13th Mar 20248:59 amRNSPT HERO SUPERMARKET TBK FULL YEAR 2023 RESULTS
7th Mar 202412:02 pmRNS2023 Preliminary Results
1st Mar 20249:21 amRNSCHANGE OF SINGAPORE BRANCH REGISTRAR
1st Feb 20249:24 amRNSDirector/PDMR Shareholding
21st Dec 20239:23 amRNSDirector/PDMR Shareholding
5th Dec 20239:35 amRNSAUDIT COMMITTEE COMPOSITION CHANGE
24th Nov 20239:21 amRNSDirectorate Change
9th Nov 20239:49 amRNSINTERIM MANAGEMENT STATEMENT
31st Oct 20239:30 amRNSPT HERO SUPERMARKET TBK NINE MONTHS 2023 RESULTS
27th Sep 202310:30 amRNSDividend Declaration
25th Sep 202310:32 amRNSBlock listing Interim Review
19th Sep 202310:45 amRNSDirector Declaration
8th Sep 202310:25 amRNSDirectorate Change
31st Aug 202310:37 amRNSPT Hero Supermarket Tbk First Half 2023 Results
28th Jul 202310:27 amRNSHalf-year Results
19th Jun 20231:23 pmRNSDirector/PDMR Shareholding
18th May 202310:22 amRNSInterim Management Statement
4th May 202312:10 pmRNSResult of AGM
2nd May 202310:19 amRNSDirectorate Change
28th Apr 202310:23 amRNSPT Hero Supermarket Tbk Three Months 2023 Results
26th Apr 202310:40 amRNSDividend Declaration
6th Apr 202311:28 amRNSDirector/PDMR Shareholding
3rd Apr 202311:31 amRNSDirector/PDMR Shareholding
3rd Apr 202310:24 amRNSAnnual Financial Report
27th Mar 202310:29 amRNSBlock listing Interim Review
17th Mar 20239:28 amRNSPT Hero Supermarket Tbk Full Year 2022 Results
15th Mar 202310:17 amRNSDirector/PDMR Shareholding
2nd Mar 20239:53 amRNSDairy Farm Intl - 2022 Preliminary Results
31st Jan 202310:47 amRNSTotal Voting Rights
3rd Jan 20239:23 amRNSDirector/PDMR Shareholding
10th Nov 20229:37 amRNSInterim Management Statement
31st Oct 202210:28 amRNSPT Hero Supermarket Tbk Nine Months 2022 Results
28th Sep 202210:46 amRNSDividend Declaration
26th Sep 202210:21 amRNSBlock listing Interim Review
31st Aug 202210:50 amRNSPT Hero Supermarket Tbk First Half 2022 Results
28th Jul 202210:28 amRNSHalf Year Results
19th May 202210:23 amRNSInterim Management Statement
6th May 202210:59 amRNSChange of Name
5th May 202212:30 pmRNSResult of AGM
29th Apr 202210:35 amRNSPT Hero Supermarket Tbk Three Months 2022 Results
27th Apr 202210:38 amRNS2021 Final Dividend
8th Apr 202211:36 amRNSCorrection: TRANS Date-Director/PDMR Shareholding
7th Apr 202210:33 amRNSAnnual Financial Report
25th Mar 20229:26 amRNSBlock listing Interim Review
15th Mar 20229:27 amRNSDirector/PDMR Shareholding
3rd Mar 20229:33 amRNS2021 Preliminary Announcement of Results
2nd Mar 202210:43 amRNSPT Hero Supermarket Tbk Full Year 2021 Results
31st Jan 20227:17 amRNSTotal Voting Rights
4th Jan 20229:09 amRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.