Source - SMW
Dairy Farm International has confirmed that its 84.5% subsidiary, PT Hero Supermarket, reported a 5% fall in net revenue, 1% increase in gross profit and rise in net income to Rp 70bn for the first 9 months of 2017.

Total sales were Rp 9,961bn as a result of lower Food sales.

PT Hero said: "The current trading conditions are expected to persist for the remainder of the year. With the continuing challenges facing the Food business, we are undertaking a strategic review to underpin the long-term profitability for the Company."




At 2:25pm: