The Indonesian retailer saw its largest growth in a quarter as net income soared to IDR 170,312 million ($12 mm) in the first quarter from IDR 638 million, on a 50% increase in revenues of IDR 1,916,548 million ($134 mm), up from IDR 1,275,864 million. Gross margin in the quarter was up 280 basis points to 45.6%, and operating expenses saw a 25% increase, but leveraging as a percent of sales. Growth came from all channels even though it was dealing with rising cases of the ... Log in to view full article.