ACES – PT. Ace Hardware Indonesia Tbk

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JAKARTA. PT Ace Hardware Indonesia Tbk (ACES) opens its new outlet in Java Mall Semarang, Central Java. This is the 22nd new outlet opened by the company in 2019.

Helen Tanzil, Corporate Secretary of ACES, said the new outlet is 1,500 square meters wide. “(With the new outlet), the company now has 196 outlets,” said Tanzil in the disclosure on the Indonesia Stock Exchange on Thursday (19/12) yesterday.

As of September, ACES had opened 14 new outlets, with an investment of Rp 120 billion. This means that within a period of 3 months, the company has opened 8 new outlets.

According to its financial statements, as of September 2019, ACES’ total asset value had reached Rp 5.48 trillion. The company recorded sales of Rp 5.86 trillion and net profit of Rp 727.16 billion in the same period. (KR/AR)