Net income at the Indonesian retailer improved 26% to IDR 386,399 million ($25.8 mm) in the second quarter from IDR 307,399 million, on 37% higher revenues of IDR 3,246,080 ($216.4 mm), up from IDR 2,375,486 million. Gross margin in the quarter inched up 60 basis points to 49.2%, while operating expenses crept up, deleveraging 180 b.p. as a percent of sales. The strong quarter was fueled by ... Log in to view full article.
