JAKARTA (Yosefardi) – Retailer PT Ramayana Lestari Sentosa Tbk (RALS) plans to buy back 567.68 million shares, representing 8% of its enlarged shares capital.
At 2.39 pm Jakarta time, RALS gained 0.73% to Rp690 per share. The stock has fallen 12.6% year to date.
RALS booked net profit of Rp91 billion in the first half of 2015, declined 11.9% from Rp103 billion in the same period of 2014. Net profit margin was 4%.
Revenues fell 15% to Rp2.26 trillion from previous Rp2.65 trillion. Its assets reached Rp4.87 trillion while liability amounted Rp1.61 trillion.