Ramayana Lestari's profit falls 7.2%

Ramayana Lestari's profit falls 7.2%

JAKARTA: PT Ramayana Lestari Sentosa, Indonesia's second-largest retailer, announced its first-half profit fell 7.2 percent as costs rose and foreign-exchange gains declined.

Net income fell to Rp 104.06 billion (US$11 million) in the six months ended June 30 from 112.2 billion rupiah in the year earlier period, the company said in a statement to the Jakarta Stock Exchange.

Sales rose 12 percent to Rp 1.61 trillion.

Operating costs rose 13 percent to Rp 318 billion.

Foreign-exchange gains fell to Rp 12.8 billion from Rp 29.2 billion. -- Bloomberg