Building Depot Records Sales Up Slightly To IDR 2.02 Trillion In The Third Quarter Of 2024

JAKARTA - PT Caturkarda Depo Bangunan Tbk (DEPO) recorded sales of IDR 2.02 trillion in the third quarter of 2024. This achievement increased by 2.5 percent year on year (yoy) compared to the same period the previous year.

The company's average size basketball was recorded at IDR 1.35 million per transaction in the third quarter of 2024, or an increase of 2.7 percent (yoy) compared to the same period the previous year.

Quoting Antara, the company's online sales sector also increased with a contribution of Rp. 210.43 billion in the third quarter of 2024, or an increase of 12.7 percent (yoy) compared to the same period the previous year, and currently accounts for 10.3 percent of the company's total sales.

In the third quarter of 2024, the company recorded a gross profit that increased 7.1 percent (yoy) to IDR 389.08 billion, or equivalent to 19.1 percent of total sales.

By the end of 2024, the company has opened two new stores, namely in Rungkut, Surabaya in October 2024 and in Rempoa, South Jakarta, with another shop that will soon be opened in Depok City in December 2024.

Thus, the total network of Depo Bangunan stores currently reaches 16 locations throughout Indonesia, which will make it easier for consumers to obtain quality products.

The company recorded a house brand sales growth of 65.8 percent (yoy) in the third quarter of 2024, compared to the same period the previous year, with a contribution of 8.1 percent of total sales.

To increase operational efficiency, the company has modernized an integrated store ordering system with ERP and POS, with a full implementation target by 2025.

As a form of social responsibility, the company actively supports good corporate governance initiatives, environmental conservation, and improving local community welfare.

Meanwhile, the CSR program includes support for community facilities, such as Posyandu, as well as blood donation activities involving company employees.

In 2025, the company plans to open three additional stores, including in Palembang, Pekanbaru and Samarinda.

The Company is optimistic that it can face next year with a mature growth strategy and focuses on process efficiency, distribution channels expansion, and the development of omni-channel services to meet customer needs throughout Indonesia.