Home improvement retailers mostly see rise in 9-month revenues

Indonesian home improvement retail chains mostly saw an increase in nine-month sales, albeit at different magnitudes. One, however, saw flat sales owing to a more tepid takeup for its two biggest business segments.

In separate disclosures to the Indonesian bourse, Mr. DIY Indonesia – the Indonesian unit of the Malaysian home goods retailing powerhouse –, PT Aspirasi Hidup Indonesia Tbk (AHI, formerly Ace Indonesia), and PT Caturkada Depo Bangunan – which is partly owned by Thai conglomerate Siam Cement  Group and Thai home improvement retailing giant Siam Global House – posted sales rise of between 1.8 per cent and 17.3 per cent during the period, mainly through the contribution of stores that are less than a year old.

This was despite soft purchasing power and disruptions stemming from riots and violent political protests over an allowance rise given to Indonesian politicians sometime…