Ramayana's 9-month profit rises 2.4%

Ramayana's 9-month profit rises 2.4%

JAKARTA: PT Ramayana Lestari Sentosa, Indonesia's second- largest retailer by sales, said profit in the nine months ended Sept. 30 rose 2.4 percent to Rp 175.6 billion (US$17.3 million), from Rp 171.5 billion a year earlier.

Sales in the period gained 16 percent to Rp 2.69 trillion, from Rp 2.32 trillion a year earlier, the Jakarta-based company said on Tuesday in a statement.

The company booked a foreign-exchange gain of Rp 32.8 billion in the nine-month period, compared with Rp 21.8 billion a year earlier. -- Bloomberg