AMRT X BANK Joined Forces to Increase Financial Inclusivity

PT Sumber Alfaria Trijaya Tbk, the retail manager of Alfamart, held the Annual General Meeting of Shareholders (GMS) on Thursday (5/6). There are a number of agendas at this annual GMS, including the annual report and the ratification of the company's annual financial statements for the 2020. However, in the midst of this difficult situation, the Company managed to maintain its performance by posting a net income of Rp75.83 trillion, growing 3.95% from Rp72.94 trillion in 2019. This increase was driven by sales growth and the addition of the companies and subsidiaries' outlets throughout 2020 which grew by 8.70% or 1,405 outlets, bringing the total outlets to 17,538 outlets consisting of 15,434 Company outlets and 2,104 Subsidiary outlets. In addition, after the emergency Micro-Community Activity Restrictions (PPKM), this policy has not disturbed the expansion plan of PT Sumber Alfaria Trijaya Tbk (AMRT). PT Sumber Alfaria Trijaya Tbk (AMRT) plans to expand by targeting the opening of new outlets around 650 to 850 outlets. Furthermore, during this emergency PPKM, AMRT share actually went up. At the close of trading on Tuesday (7/6), AMRT's shares rose 7.6% to a position of Rp1,345 per share. Continuing at the closing market on Wednesday (7/7) and Thursday (7/8) at Rp1,340 and Rp1,335 per share, respectively.

The increase in shares came from the recent positive sentiment of PT Sumber Alfaria Trijaya Tbk (AMRT) that also synergizes with PT Bank Aladin Syariah Tbk (BANK) for payment systems and remittances. As of Tuesday (7/6), the two new companies have signed a memorandum of agreement (MOU). However, AMRT Director of Corporate Affairs, Solihin, stated that the company's collaboration