Jakarta, 23 July 2012
• Strong overall and same store sales growth
• Improved underlying profitability
• Opened 42 new stores including 4 new Giant hypermarkets
• Improved underlying profitability
• Opened 42 new stores including 4 new Giant hypermarkets
PT Hero Supermarket Tbk (“the Company”) today announced its results for the first half ending 30 June 2012.
Compared to the first half 2011, sales grew by 20% to Rp 4,830 billion and the net income increased by 29.7% to Rp 140 billion resulted from both higher sales and continuous improvement in store productivity.
President Director of the Company, Philippe Broianigo, said “The strategies we put in place for each of our businesses continue to produce good results and has shown resilient against stiff competition. The four new Giant hypermarkets opened in the first half this year have shown encouraging results. We will continue to expand our stores network in the second half of this year and expect the business to grow profitably.”
PT Hero Supermarket Tbk has more than 13,700 employees and serves its customers in 558 stores. As at 30 June 2012, the Company operated 43 Giant hypermarkets, 130 Hero and Giant supermarkets, 241 Guardian health and beauty stores and 144 Starmart convenience stores.