Hero Supermarket Raises Revenue Of IDR 3.8 Trillion In The Third Quarter Of 2023

JAKARTA - PT Hero Supermarket Tbk (HERO) recorded a profit of IDR 19 billion in the third quarter of 2023. HERO managed to get out of the trap of a loss of IDR 85 billion in the same period in 2022.

Not only that, HERO Group posted net income in nine months of 2023 of IDR 3.8 trillion. That figure is up 18 percent compared to the same period last year.

President Director of Hero Supermarket (HERO) Hadrianus Wahyu Trikusumo said the company managed to record a profit in the third quarter of 2023 due to profits from non-core property divestment. Furthermore, Hero will continue to focus on increasing sales productivity and implementing cost control and continue to be more accessible to families and the Indonesian people.

" HERO's main priority is to be more accessible to customers to encourage sustainable long-term growth. We thank customers, employees and business partners who have been part of HERO's growth and transformation," Wahyu said in a written statement, quoted Friday, December 8.

Wahyu explained, Hero Supermarket still upholds its commitment to serving customers with fresh, premium and high quality products that can improve their quality of life. Through continuous innovation, Hero Supermarket has pioneered the development of a format and initiative to optimize a series of products.

"This also includes the opening of new outlets, revitalization projects and strategic partnerships with more than 200 SMEs and introducing diverse portfolios with more than 2,100 SKUs," Wahyu added.

As for the Guardian, he continued, it continues to expand its reach throughout Indonesia and ensures accessibility to quality products. At the same time, the Guardian also maintains a good existence in the world of e-commerce, to meet the growing needs of consumers.

Wahyu said, IKEA Indonesia constantly perfects customer experience while still upholding operational efficiency and cost effectiveness. This commitment ensures that IKEA remains the main goal for solutions to household appliances.

"HERO's dedication to customer accessibility, coupled with its commitment to innovation, community involvement and sustainable practices, positions the Company to continue to make a positive contribution to the Indonesian landscape," he concluded.