JAKARTA (Yosefardi) – Retailer PT Ramayana Lestari Sentosa Tbk (RALS) allocates Rp400 billion for buying back its 567.68 million shares or 8%of its enlarged shares capital.

At 11.41 am Jakarta time, RALS gained 1.72% to Rp590 per share. The stock has fallen 25.3% year to date.

RALS booked net profit of Rp91 billion in the first half of 2014, declined 11.65% from Rp103 billion in the corresponding period of 2014. Earning per share (EPS) was Rp12.8. Revenues fell 4.8% to Rp2.53 trillion from earlier Rp2.65 trillion.

Its assets reached Rp4.87 trillion while liability amounted Rp1.6 trillion. RALS has cash and cash equivalent of Rp781 billion.