ICT retailer Erajaya Swasembada (ERAA) reported a 72.7% drop in net profit, to Rp124.4 billion in the first half (H1) of 2019, compared to Rp453.8 billion in the corresponding period of 2018. Sales fell 11.7% to Rp15.4 trillion from previous Rp17.1 trillion. The cost of goods sold increased by 6.7% to Rp14.2 trillion. Its gross profit declined 26% to Rp1.25 trillion. Operating profit fell 49.6% to Rp360.5 billion.
To subscribe please click here
