Ramayana pays Rp 140b dividend

Sat, 07 Jun 2003

JAKARTA: Publicly listed retail company PT Ramayana Lestari Santosa said on Friday it would allocate 47 percent of its audited 2002 net profit for dividend payouts, or Rp 100 per share.

The company, which targets its retail business for middle to lower end buyers, said net profit in 2002 was Rp 299 billion (US$36.2 million), while sales were Rp 3.2 trillion.

Ramayana is expecting an increase in sales this year of 12 percent to Rp 3.6 trillion.

The Ramayana retail chain sells some 40,000 different types of products, comprising 72 percent clothing and accessories, 20 percent foodstuffs and 8 percent toys, stationary and housewares. -- JP

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