Convenience store operator Alfamart (AMRT) booked net profit of Rp650 billion in Jan-Sep 2019, jumped by 94% from the corresponding period last year even though its sales increased by 9.1% only to Rp54.1 trillion. Looks like that Alfamart continued to boost its net profit margin from below 1% for many years to over 1.2% in the first nine months of 2019. To subscribe please click here