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This Author published in this journals
All Journal Journal of Management and Islamic Finance
Muhammad Raihan Rafli
Unknown Affiliation
Religion Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice

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AN IMPACT ANALYSIS OF ACQUISITIONS ON FINANCIAL PERFORMANCE AT PT SUMBER ALFARIA TRIJAYA TBK (AMRT) FOR THE 2016-2022 PERIOD Muhammad Raihan Rafli
Journal of Management and Islamic Finance Vol. 4 No. 1 (2024): Journal of Management and Islamic Finance
Publisher : UIN Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/jmif.v4i1.8885

Abstract

In 2019, PT Sumber Alfaria Trijaya Tbk (AMRT), which is the holding company of Alfamart, acquired 75% of GLI shares with the aim of increasing cooperation between the company's shopping applications and promotional programs with membership programs that were developed by GLI. This study is to analyze the financial performance of PT Sumber Alfaria Trijaya Tbk 3 years before and 3 years after the acquisition with PT Global Loyalty Indonesia. This research adopts a comparative quantitative method and is analyzed using descriptive statistics. Financial performance is measured using 7 financial ratios including CR, TATO, NPM, ROA, ROE, EPS and DER. The results showed that the company's liquidity and solvency decreased, and the company's profitability increased.
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