AMRT – To add 1,000 Outlets

Sumber Alfaria Trijaya (AMRT) will add 1,000 new outlets this year. The company has budgeted capex of IDR4.4 tn. On the other hand, Alfamart will distribute dividends worth IDR999 bn. In addition to opening 1,000 new outlets, capex will also be used to extend store lease contracts and open new warehouses. This expansion is in line with increasing basic needs. Apart from expanding domestically, Alfamart plans to increase market penetration in the Philippines by opening 250 to 300 new outlets. Until now, there have been 1,464 outlets in the Philippines, with three branch offices. In order to smooth this expansion, the company cooperates with big businessmen in the Philippines. Meanwhile, according to the decision at the Annual General Meeting of Shareholders (AGMS), the issuer with the AMRT stock code will distribute dividends totaling IDR999.08 bn, or the equivalent of 35% of 2022 net profit. Dividends of IDR24.06 per share will be distributed on June 14, 2023. (Source : Investor Daily).