JAKARTA. PT Sumber Alfaria Trijaya Tbk (AMRT), the owner of the retail network of Alfamart, has reported a diminishing net profit of 4.28% year-on-year (yoy) to IDR 1.06 trillion in the fiscal year 2020.
In contrast, the net income throughout 2020 grew 3.95% yoy to IDR 75.83 trillion. The net income mainly came from food products that contributed IDR 50.27 trillion, followed by non-food products by IDR 25.52 trillion, and services products with IDR 33.96 billion.
The report showed that Alfamart’s declining net profit in 2020 resulted from the expanding operating expenses. The cost of revenue also went up 6.87% yoy, while the selling and distribution expenses increased by 7.32% yoy. The administrative and general expenses also grew 8.55% yoy.
Looking at its network, Alfamart has established 11.490 stores across the cities in Indonesia by December 31, 2020. At the same time, the total amount of stores set up through a franchising scheme was 3.944 units. (KR/ZH)