Ramayana Aims at Rp.4.85 Trillion Turnover Bisnis Indonesia, page B2, 2006-06-26
This year, PT Ramayana Lestari Sentosa Tbk targets sales to reach Rp.4.85 trillion, up 12.8 percent compared to 2005’s Rp.4.3 trillion. This year, the company has also allocated funds for capital expenditure as much as Rp.250 billion to finance 6 new outlets in Celebes and Java. Every year, the company prepares a capex of Rp.400 billion to open 10-12 new outlets, yet this year it chose to open only four.
In the general meeting of shareholders it was agreed upon that the 2005 net profit of Rp.302.34 billion will be divided into cash dividends of Rp.154.70 billion or Rp.22 per share. Other than dividends, around Rp.5 billion of the net profit will be allocated as reserved funds and Rp.142.64 billion as retained earnings. Last year, Ramayana gained a gross profit of Rp.1.14 trillion or up to 26.7 percent of its sales. Its operational cost ratio towards sales is 19.2 percent of the total sales in 2005. Nominally, it shows a decrease to Rp.320 billion.
UBS Cuts Banks Ramayana’s Profit Projection Bisnis Indonesia, page B1, 2006-05-12
UBS AG cuts back PT Ramayana Lestari Sentosa Tbk’s profit projection and share level due to high operational cost. In addition, Ramayana’s share price decreased by 1.2 percent. Ramayana’s share price estimation was dropped 15 percent to Rp.930 per share. Moreover, the company’s profit projection for 2006, 2007 and 2008 were cut by 15 percent, 17 percent and 14 percent, respectively.