Alfamart has reported strong sales and profit growth in H1 with continued store expansion.
Increased sales and profit
Total revenue increased by 21.5% in the first half of 2016 reaching IDR36,870bn (US$2.0bn). Unaudited gross profit for H1 also increased by 20.6%.
New store openings mainly outside of Greater Jakarta
With a network total of 12,971 stores, Alfamart group remains narrowly behind competitor Indomaret, with 13,099. Alfamart reported a net addition of 713 new stores from end of 2015, across the Lawson, Alfa Midi, Alfamart and Dan Dan (health and beauty) banners, compared to 889 reported by Indomaret.
New stores are mainly located outside of Greater Jakarta, which still accounts for 35.6% of Alfamart's stores. In Q2, the group added a warehouse in Serang, Java to support the Alfamart banner. As of June 2016, the retailer managed 40 warehouses in Indonesia (32 for Alfamart, 7 for Alfamidi and 1 for Dan Dan).
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