Net income at the Indonesian retailer improved 22% in the second quarter to IDR 393,814 million ($22.5 mm) from IDR 322,440 million last year, on sales that came in 15% higher at IDR 5,168,029 million ($294.7 mm), up from IDR 4,475,202 million. Gross margin in the quarter narrowed 40 basis points to 46.5%, while operating expenses were up 12%, but leveraged 110 b.p. to ... Log in to view full article.
