AMRT - Expands outside Java, absorbing IDR1.8 tn capex

AMRT - Expands outside Java, absorbing IDR1.8 tn capex Sumber Alfaria Trijaya (AMRT) has utilized IDR1.5-1.8 tn in capex during 1H23, mostly for business expansion and service improvements. Additionally, AMRT has set aside IDR 4-4.4 tn capex for 2023, with around 40.9% has been spent. The company aims for 50% of new outlets in Papua, Nusa Tenggara, Kalimantan, and remote areas, targeting 800-1,000 new outlets this year. Financially, AMRT remains strong with 1H23 net revenue of IDR53.83 tn (+12.42% YoY) and net profit of IDR1.61 tn (+28.80% yoy). (Source: Kontan)