Pizza Hut sales increased to Rp 1.93 trillion
Updated: Oct 26, 2019
PT Sarimelati Kencana Tbk recorded positive performance growth. Throughout the first semester of this year, 12.5% increase in sales from Rp 1.72 trillion to Rp 1.93 trillion.
PZZA recorded a 21.6% growth from Rp 81.9 billion to Rp 99.7 billion. During the first semester, the company also opened 33 new outlets consisting of Pizza Hut Restaurant, Pizza Hut Delivery and Pizza Hut Express.
The management said, "Capex spending throughout the first semester reached Rp 110.5 billion, with more allocation for opening new outlets".
During the first semester, PZZA also recorded the same store sales growth (SSSG) of 3.2%. While the construction of a new factory for sausage , pasta and frozen dough will begin in the second semester of this year which will operate in the second quarter of next year for sausage and frozen dough and in 2021 for a pasta factory.
He continued "This growth is due to the growth in the number of our outlets. Until the end of June we had 484 outlets compared to 451 outlets at the end of last year. In addition, the number of transactions and sales in Lebaran also contributed well".
Total assets of PZZA up to the first semester reached Rp 1.95 trillion, down from the position at the end of last year of Rp 2.03 trillion. Current assets decreased from Rp 817.05 billion to Rp 645.52 billion, while non-current assets increased from Rp 1.21 trillion to Rp 1.3 trillion.