Pt Ace Hardware Indonesia Tbk Reports Earnings Results for the First Quarter Ended March 31, 2020
June 29, 2020 at 01:18 am
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PT Ace Hardware Indonesia Tbk announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was IDR 1,966,961.763 million compared to IDR 1,881,887.483 million a year ago. Operating income was IDR 314,653.972 million compared to IDR 317,111.622 million a year ago. Net income was IDR 245,680.032 million compared to IDR 236,450.275 million a year ago. Basic earnings per share was IDR 13.86 compared to IDR 13.85 a year ago.
PT Ace Hardware Indonesia Tbk is an Indonesia-based company, which is a retailer of household appliances and lifestyle products. Its home improvement products include outdoor living, paint and sundries, plumbing supplies and fixtures, electrical, tools and miscellaneous. The lifestyle products include automotive, furniture, houseware and gifts, sporting goods and pet supplies and home appliances. The Companyâs products are marketed under various trademark brands, including ACE, Krisbow, and Kris. The Company owns investment properties in the form of land and buildings in Balikpapan and Tangerang, namely Living Plaza Balikpapan, Living Plaza Bintaro and Alam Sutera. The Company has 233 retail outlets which are located in Jakarta, Tangerang, Cilegon, Serang, Bekasi, Karawang, Bogor, Depok, Purwakarta, Cirebon, Bandung, Sumedang, Tasikmalaya, Sukabumi, Gresik, Yogyakarta, Semarang, Kudus, Solo, Purwokerto, Mojokerto, Tegal, Surabaya, Malang, Jember, Kediri, Madiun, Aceh, Bali and others.