Ramayana Plans Shares Buyback

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...

Hero Turns to Loss, Revenues Up 15%

JAKARTA (Yosefardi) – Retailer PT Hero Supermarket Tbk (HERO) suffered loss of Rp32 billion in the first half of 2015, against profit of Rp95 billion in the same period of 2014. Revenues increased 15% to Rp7.48 trillion from previous Rp6.5 trillion. Its assets...