The Indonesian retailer saw its momentum continue as net income tripled to IDR 307,339 million ($21.1 mm) in the second quarter from IDR 99,169 million, on a 49% increase in revenues of IDR 2,375,486 million ($163.2 mm), up from IDR 1,593,235 million. Gross margin in the quarter was up 480 basis points to 48.2%, and operating expenses saw a 38% increase, but still leveraged on the higher sales. The strong quarter was fueled by new door ... Log in to view full article.