Alfamart's Profit Rises to Rp890 Billion in Q1 2024

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Nabilah Muhamad 03/05/2024 17:32 WIB

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Alfamart operator, PT Sumber Alfaria Trijaya Tbk (AMRT), reported a profit of Rp890.31 billion in Q1 2024. This is a 14.75% increase compared to Q1 of the previous year.

Alfamart's Revenue and Profit* Q1 (2023-2024)

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Alfamart's Profit Rises to Rp890 Billion in Q1 2024

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Alfamart's Revenue and Profit* Q1 (2023-2024)

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Alfamart's operator, PT Sumber Alfaria Trijaya Tbk (AMRT), reported a net profit of Rp890.31 billion in the first quarter of 2024.

This figure represents a 14.75% year-on-year (yoy) increase compared to the first quarter of the previous year.

In line with the increase in profit, AMRT's revenue grew by 12.07% (yoy) to Rp29.32 trillion.

This revenue growth was driven by a 13.83% (yoy) increase in food sales to Rp21.32 trillion, and a 7.61% (yoy) increase in non-food sales to Rp8 trillion.

AMRT's cost of goods sold in the first quarter of 2024 also swelled by 12.04% (yoy) to Rp22.93 trillion.

A breakdown shows that sales and distribution expenses increased by 12.85% (yoy) to Rp5.02 trillion, general and administrative expenses increased by 1.66% (yoy) to Rp485.36 billion, and other expenses increased by 17.87% (yoy) to Rp23.80 billion.

By the end of March 2024, AMRT's total assets reached Rp40.47 trillion, a 15.18% (yoy) increase compared to the end of December 2023.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Alfamart's Profit Rises to Rp890 Billion in Q1 2024

Alfamart's Profit Rises to Rp890 Billion in Q1 2024

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Alfamart's Profit Rises to Rp890 Billion in Q1 2024

Alfamart's Profit Rises to Rp890 Billion in Q1 2024

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