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Ace Hardware plans to open 20 new stores in 2019

20 December 2018 01:09 PM  Company: PT. Ace Hardware Indonesia Tbk[ACES]
Rp. 1,625  -15 (-0.91%)

JAKARTA - PT Ace Hardware Tbk. (ACES) plans to open 20 new stores next year. This number is lower than the number of stores opened this year of 32 stores.

"Next year [will open] around 20 new stores," Ace Hardware management told Bisnis.

Plans for opening stores in 2019 will not be as much as 2018 because the company’s expansion has been quite massive this year.

As of the end of September, Ace Hardware posted a net profit of Rp 697.37 billion, up by 32.4% compared to the same period last year of Rp 526.46 billion. While the company's sales also grew by 22.2% from Rp 4.18 trillion to Rp 5.16 trillion. (LM)

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PT. Ace Hardware Indonesia Tbk [ACES]   Rp. 1,625   -15 (-0.91%)