JAKARTYA (Yosefardi) – PT Hero Supermarket Tbk (HERO) allocates capital expenditure (capex) of Rp1.39 trillion for 2014, equal to this year’s capex.
The capex will be used for funding business expansion and acquisition. HERO plans to build 20 Starmart outlets next year. Currently the company operates 638 stores outlets, consisting of 49 Giant Ekstra, 149 Hero Supermarkets and Giant Express, 288 Guardian health and beauty outlets, and 151 Starmart, convenience stores.
HERO booked net profit of Rp218.73 billion in first nine months of this year, delined 1.8 from Rp222.84 billion in the same period of last year. While revenue increased 13.9% to Rp8.92 trillion from previous Rp7.83 trillion.
Its assets totaled Rp7.31 trillion while liability amounted Rp2.4 trillion. The company has cash and cash equivalent of Rp1.28 trillion.