Ramayana (RALS) Returns to Profit in 2021 After 2020 Losses

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Reza Pahlevi 04/04/2022 13:40 WIB

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Ramayana recorded revenue of Rp2.59 trillion with a net profit of Rp170.58 billion.

Ramayana's Net Income and Profit/Loss (2017-2021)

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Ramayana (RALS) Returns to Profit in 2021 After 2020 Losses

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Ramayana's Net Income and Profit/Loss (2017-2021)

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Retail company PT Ramayana Lestari Sentosa Tbk returned to profitability in 2021. The company, with the stock code RALS, recorded revenue of Rp2.59 trillion with a net profit of Rp170.58 billion.

Ramayana's revenue grew slightly by 2.4% from Rp2.53 trillion in 2020. In 2020, the company recorded a loss of Rp138.87 billion.

Java, Bali, and Nusa Tenggara were the largest contributors to sales, reaching Rp1.64 trillion. Sumatra contributed Rp451.2 billion, Kalimantan Rp231.2 billion, and Sulawesi-Papua Rp266.1 billion.

Ramayana also managed to reduce its cost of goods sold by 5% to Rp1.38 trillion in 2021. In 2020, the cost of goods sold was Rp1.45 trillion.

Despite returning to profit, this figure has not yet reached pre-pandemic levels. Ramayana recorded a net profit of Rp406.6 billion in 2017, Rp587.1 billion in 2018, and Rp647.9 billion in 2019.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."