ACES — Expects double-digit sales growth in 2H24

ACES — Expects double-digit sales growth in 2H24 Aspirasi Hidup Indonesia (ACES) is optimistic about achieving double-digit sales growth in 2H24, due to a strong financial performance in 1H24, with both net sales and net profit seeing significant increases. ACES plans to open 15 new stores across Indonesia, with 8 already launched in July 2024. The company has allocated Rp250 bn in capital expenditure for this expansion. Despite the weakening of IDR, ACES has remained unaffected by the currency' fluctuation and has maintained its competitive products' pricing without any significant increase. (Source : Kontan)