First-Half 2017 Sales Growth Continues for Four Retail Companies

Several retail companies managed to record sales growth amidst concerns about declining public purchasing power. This indicates that public purchasing power still exists. Of the six issuers that have reported their financial performance as of June 2017, four recorded an average revenue growth of 12.35 percent in the first six months of 2017 compared to the same period the previous year. The other two issuers recorded a 15.65 percent decline in sales.

Alfa Midi (MIDI) recorded the highest sales growth, reaching 18.36 percent to Rp 4.81 trillion in the first six months of 2017 compared to the same period the previous year. Ace Hardware (ACES) sales grew by 18 percent to Rp 2.76 trillion, while Hero Supermarket (HERO) sales grew by 7.5 percent to Rp 2.97 trillion, and Ranch Market (RANC) also saw its profit increase by 5.5 percent to Rp 1.09 trillion.

Meanwhile, Ramayana Lestari (RALS) sales in the first half of 2017 decreased by 3.8 percent to Rp 6.9 trillion compared to the same period the previous year. Similarly, Matahari Department Store (LPPF) sales also shrank by 27.4 percent to Rp 3.76 trillion.