AMRT — A 5% yoy SSSG despite deflation concerns

AMRT — A 5% yoy SSSG despite deflation concerns Sumber Alfaria Trijaya (AMRT) reported continued sales growth, with same store sales increased 4%—5% yoy in June 2024, despite ongoing deflation and concerns over weakening consumer purchasing power. To sustain growth in 2H24, AMRT plans to expand its store network, improve customer services, and offer personalized promotions. Note that, in 1H24, AMRT’s net revenue rose 10% yoy to IDR59.21 tn, while net profit increased to IDR1.79 tn (+11.25% yoy). (Source : Bisnis Indonesia)