Ranch Market operator sees slower sales growth in 2017

PT Supra Boga Lestari Tbk, a listed upmarket groceries retailer behind Ranch Market and Farmers Market brands, braces for a slower net sales growth and lower profit this year amid fierce competition and uncertainty in domestic demand. Supra Boga net revenue will grow 3.7 percent this year to Rp 2.14 trillion ($159.73 million), the company's president director Meshvara Kanjaya said. The company posted a 7.7 growth in net revenue last year to Rp 2.07 trillion.

May 19 2017, The Jakarta Globe - Read 91 times

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