AMRT – To have better performance on new store openings

AMRT – To have better performance on new store openings Sumber Alfaria Trijaya (AMRT) targets the opening of 1k new outlets this year with a focus on areas outside Java and other countries, such as Philippines. AMRT allocates IDR4.5 tn in capex for expansion this year. As of December 2023, AMRT has operated 22,310 retail outlets and 360 stock point outlets. AMRT also has a 39.3% market share in Indonesia. Furthermore, AMRT has just opened new distribution centers in Gorontalo and Palopo to stabilize distribution costs. AMRT will continue to focus on improving margins by building distribution channels or warehouses to increase productivity per outlet. Moreover, AMRT seeks to increase sales productivity through its omnichannel service, Alfagift, which offers free shipping until the end of this year. Note that, AMRT posted SSSG growth of 4-5% yoy in June 2024. AMRT also posted revenue of IDR59.21 tn (+10% yoy) and net profit of IDR1.79 tn (+11.25% yoy) in 1H24. (Source : Bisnis Indonesia)