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Nov 17, 2016 13:42:51

Sumber Alfaria Trijaya ($AMRT) increases stakes in Alfacart to 50.97%

To strengthen its sales through internet, AMRT increase its stakes in PT Sumber Trijaya Lestari (STL) to Rp101.94bn from
Rp12.48bn previously. This brings AMRT’s total ownership in STL to 50.97%. STL handles retail sales via Internet under the
brand Alfacart. AMRT’s total cash balance as of 9M16 stood at Rp617.6bn and EBITDA at Rp1,968bn (Bisnis)

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