South Tangerang, 2016-Apr-30 — /EPR Retail News/ — The following announcement was issued today (April 27, 2016) by the Company’s 83.9%-owned subsidiary, PT Hero Supermarket Tbk.
Highlights
• Net revenue down 3%
• Gross profit up 2%
• Net loss of Rp 35 billion
• Stores rationalization programme
• Positive free cash flow
PRESIDENT DIRECTOR’S STATEMENT
Overview
The Group’s 2016 first quarter result…