Hero Supermarket Tbk.
| Code | : | HERO |
| Name | : | Hero Supermarket Tbk. |
| Type | : | Emiten |
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Address |
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Businnes | : | Supermarket |
| Sector Code | : | D. Consumer Non-Cyclicals |
| Sector Name | : | D1 |
| Industry | : | D11 |
| Sub Industry | : | D113 |
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Company Status | : | PMDN |
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Foundation Status | : | 1971-10-05 |
Brief of Company Background
The company was founded in 1971, and has supporting operations in food repacking, in-store bakeries, foods processing and fast foods. In the middle of 1994, the company received a US$ 3 million loan from Sumitomo Trust & Banking Co. Ltd. Japan, to finance its expansion. The company incurred a considerable loss due to burning and mass rioting on mid-May 1998 in Jakarta. Formerly it was estimated that the company experienced a loss of Rp 20 billion, but later director Steve Sondakh said that the loss amounting to Rp 100 billion. At least six of the company’s supermarket were burnt and twenty looted by rioters. Sales grew significanly for the third successive year depsite evidenceof slowdown in the economy and increase competition. The sale growth of 18% to 1,989 billion compared very favourably with the increaseof 13.4% in 2000 and gross margin improved from 22% to 23%
Shareholder List
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Management
