Category: Retail

Q2 2026

• DNET Q2 2026 Net Income Fell 26%. The Market Paid an Even Higher Multiple Anyway.Aug 30
• AMRT Q2 2026 Free Cash Flow Finally Grew Again - But a Core Stake's Paper Loss Just Tripled to 85% of CostAug 15

Q1 2026

• DNET Q1 2026 The IDX Stock Pricing an Unlisted Retailer at 105.7 Times Its EarningsAug 15
• AMRT Q1 2026 Why Did the Stock Hit a New Low the Same Quarter the Overhead Problem Finally Reversed?May 05

Q4 2025

• AMRT Q4 2025 Why Did Every Region That Collapsed in Q3 Suddenly Surge in Q4?May 06
• DNET Q4 2025 Two Years of Unchanged Ownership Stakes Just Ended, Twice, With No ExplanationFeb 23

Q3 2025

• DNET Q3 2025 A Second New Joint Venture Just Appeared. Nobody's Explained the First One Either.Nov 18
• AMRT Q3 2025 Why Did Nine-Month Profit Fall for the First Time Outside the Pandemic?Nov 11

Q2 2025

• DNET Q2 2025 The Company Just Increased Its Stake in a Money-Losing AssociateAug 19
• AMRT Q2 2025 Why Did Growth Vanish the Moment Q1 Ended?Aug 05

Q1 2025

• DNET Q1 2025 Fast Food's Loss Narrowed 81%. Retail Grew Again for the First Time in a Year.May 20
• AMRT Q1 2025 Why Did the Stock Fall 28% in a Quarter Every Segment Grew?May 06

Q4 2024

• DNET Q4 2024 Indomaret Just Posted Its Best Year Ever. Fast Food's Loss Nearly Doubled.Feb 24
• AMRT Q4 2024 Why Did Profit Fall Even as Jabodetabek Recovered?Feb 05

Q3 2024

• DNET Q3 2024 The Stock Jumped 84% in a Quarter. Nothing in the Filing Explains Why.Nov 19
• AMRT Q3 2024 Why Did the Stock Hit a Two-Year High the Same Quarter the Capital Region Had Its Worst Result Since 2023?Nov 05

Q2 2024

• DNET Q2 2024 Indomaret Bounced Back Hard in Q2. Fast Food's Loss Kept Growing.Aug 20
• AMRT Q2 2024 The Capital Region's Slump Just Entered a Third Straight Quarter - and Got WorseAug 12

Q1 2024

• DNET Q1 2024 Associate Profit Nearly Vanished. Fast Food's Loss Nearly Tripled.May 21
• AMRT Q1 2024 Why Did the Capital Region's Segment Income Fall for a Second Straight Quarter?May 08

Q4 2023

• AMRT Q4 2023 Why Did the Region That Gained the Most Margin Post the Weakest Quarter?Mar 23
• DNET Q4 2023 Full-Year Net Income Fell 44%. Indomaret Alone Explains Most of It.Feb 26

Q3 2023

• DNET Q3 2023 Fast Food Indonesia Just Posted Its Worst Loss among the periods covered here (FY2019 to Q3 2023)Nov 21
• AMRT Q3 2023 Why Did Segment Income Fall in the Same Quarter Net Income Grew 16%?Nov 06

Q2 2023

• DNET Q2 2023 The Associate Slowdown Continued Into Q2. FiberStar Kept Compensating.Aug 22
• AMRT Q2 2023 Profit Grew 28.6% and Cash Flow Flipped Positive - So Why Did the Stock Fall 10%?Aug 03

Q1 2023

• DNET Q1 2023 Revenue Grew 47%. Net Income Attributable to Owners Fell 29% Anyway.May 20
• AMRT Q1 2023 Profit Grew 15% This Quarter - So Why Did Operating Cash Flow Turn Negative?May 04

Q4 2022

• AMRT Q4 2022 The Rights Issue Deadline Passed Eight Months Ago - the Annual Report Doesn't Mention It OnceMar 30
• DNET Q4 2022 A Full Year of Growth, a Restated Quarter, and a Q4 Cash ReversalFeb 28

Q3 2022

• AMRT Q3 2022 Its Segments Barely Grew This Quarter - So Why Did Profit Jump 96%?Nov 28
• DNET Q3 2022 The Reversal Was Approved in May. The Balance Sheet Still Hasn't Moved.Nov 15

Q2 2022

• AMRT Q2 2022 Its Rights Issue Deadline Lapsed - So Why Did It Just Buy a Bank?Aug 29
• DNET Q2 2022 The Dilution Overhang Just Reversed ItselfAug 20

Q1 2022

• AMRT Q1 2022 Did the Rights Issue Authorization Just Expire?May 27
• DNET Q1 2022 Associate Profit Jumped Eightfold. That Says More About 2021 Than 2022.May 18

Q4 2021

• DNET Q4 2021 Net Income Tripled. The Stock Fell Anyway.Feb 03
• AMRT Q4 2021 Why Did It Take a Year to Learn the Rights Issue Went Nowhere?Jan 31

Q3 2021

• AMRT Q3 2021 Why Did Headcount Drop 14% Right After It Surged 23%?Dec 14

Q2 2021

• AMRT Q2 2021 Why Doesn't the Filing Mention the Deal That Sent the Stock Up 39%?Aug 03

Q1 2021

• AMRT Q1 2021 Why Did Profit Jump 42% in the Quarter Revenue Fell?May 11

Q4 2020

• DNET Q4 2020 Revenue Nearly Doubled. Net Income Fell 37% Anyway.Feb 08
• AMRT Q4 2020 After Three Silent Quarters, the Filed Books Finally Mention Covid-19 - and Shrug It OffFeb 03

Q3 2020

• AMRT Q3 2020 Why Did Profit Keep Falling After the Growth Engine Recovered?Nov 03

Q2 2020

• AMRT Q2 2020 Why Did the Fastest-Growing Region Suddenly Stop Growing?Aug 04

Q1 2020

• AMRT Q1 2020 Why Does the Best Quarter in Years Not Mention Covid-19 Once?May 08

Q4 2019

• DNET Q4 2019 The Indomaret Stake Trading at 76 Times Earnings on Almost No VolumeFeb 05
• AMRT Q4 2019 Did the Margin Recovery Actually Survive a Full Year?Feb 04

Q3 2019

• AMRT Q3 2019 Did the Margin Recovery Survive Without Ramadan?Nov 05

Q2 2019

• AMRT Q2 2019 What Flipped Two Losing Regions Into a Record Margin Quarter?Aug 06

Q1 2019

• AMRT Q1 2019 Why Did the Two Biggest Regions Lose Margin While Profit Jumped 67%?Apr 25

Q4 2018

• AMRT Q4 2018 Why Did Net Income More Than Double While Revenue Grew Under 9%?Jan 25

Q2 2018

• AMRT Q2 2018 Why Did Net Income Almost Triple While Revenue Grew Only 7.5%?Aug 06

Q4 2017

• AMRT Q4 2017 Why Did Operating Income Fall 18% in the Year Revenue Grew Almost 10%?Feb 05

Q2 2017

• AMRT Q2 2017 Why Did Consolidated Profit Halve While the Headline Number Fell Only 16%?Aug 04

Q4 2016

• AMRT Q4 2016 Why Did Free Cash Flow Turn Negative in the Year Net Income Jumped 33%?Feb 03

Q2 2016

• AMRT Q2 2016 Why Did Profit Jump 76% in a Half Where Short-Term Bank Debt Tripled?Aug 05

Q4 2015

• AMRT Q4 2015 Why Did Profit Fall 16% in the Year Operating Cash Flow Doubled?Mar 24

Q2 2015

• AMRT Q2 2015 Why Did Profit Fall 58% in a Quarter Where Sales Grew 16%?Aug 11