Ramayana posts higher net profit

Ramayana posts higher net profit

JAKARTA: Leading Indonesian retailer PT Ramayana Lestari
Sentosa said on Tuesday its net profit rose 24.4 percent to Rp
320.08 billion (US$34.41 million) in 2001, due to higher
revenues.

The net profit figure was slightly below the company's own
forecast of Rp 323 billion, but gross profit margin improved
slightly to 26.86 percent in 2001, from 25.93 percent the
previous year.

Ramayana rose Rp 75, or two percent to 3,700 in early trade on
the earnings news.

Ramayana booked Rp 2.88 trillion in revenues for 2001,
compared with Rp 2.36 trillion in 2000. -- Reuters