- Dairy Farm's 81.96%-owned PT Hero Supermarket posts a net loss of Rp33bn in teh first quarter against a profit of Rp55bn a year ago.

The company says this was due to increasing operating expenses.

Net revenues rose by 14% to Rp3,572bn and gross profits were up 6% at Rp801bn.

President director Stephane Deutsch said: "Improved sales were achieved in all formats in the first quarter of 2015, but cost increases led to a loss for the period. Measures have been introduced to drive sales and control costs, which together with closure of unprofitable stores, should help to produce improvements in the remainder of the year."

At 1:05pm:

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