JAKARTA (Yosefardi) – Retailer PT Ramayana Lestari Sentosa Tbk (RALS) targets its sales to grow by minimum 10% next year inline with the industrial growth and expected improving economic growth, Bisnis Indonesia reported this morning.
The company plans to add 6 new branches with total area of 50,000 square metres. This year, RALS opened 8 new branches with total space area of 68,000 square metres.
For this year, the company targets its revenue to grow by 7.8% to Rp8 trillion. In first nine months, RALS reported 3.9% growth in revenue to Rp4.7 trillion.
While net profit dropped 10.6% to Rp345 billion on slowdown sales and higher operating expenses, especially rental cost and salary & workers’ benefit.
Its assets totaled Rp4.13 trillion while liability amounted Rp964 billion.