Boosted by SSSG Performance of September 2018
RALS’s 3Q18 revenues were at IDR1.50 trillion (+6.5% y-y): the highest growth figure in 2018. In 9M18, its gross sales grew to IDR6.68 trillion (+4.5% y-y). The increase in top line, coupled with the decrease of 6.5% y-y in COGS, spurring the gross profit margin to 29.5% (vs. 26.8% in 9M17). Its September’s SSSG consistently gearing higher to 11% was underlined by SSSG of 12.2% in Java Island, non-greater Jakarta.
The strategy of rejuvenation of groceries stores in 2017 caused the groceries store segment to post the growth of 10.3% q-q to IDR23 billion in EBIT. This performance caused the 3Q18 EBIT to buoy to IDR2 billion, in a stark contrast to the 3Q17 loss of IDR47.9 billion. The 3Q18 net profit also grew to IDR41 billion.
To Launch Two Stores in 4Q18
In 4Q18, RALS plans to launch two new stores in Java Island non-greater Jakarta (September’s SSSG of 12.2%) completing 3 new stores launched in 1H18. Besides, RALS will keep increasing its margins by performing efficiencies and keeping COGS in check.
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