Ramayana's Performance Impacts Retail Issuers' Profits in September 2019
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PT Ramayana Lestari Sentosa Tbk (RALS) led retail issuer performance as of September 2019. The company recorded a 16.1% increase in net profit compared to the third quarter of the previous year, reaching Rp 612.4 billion.
Following Ramayana, PT Mitra Adiperkasa Tbk (MAPI) and PT Ace Hardware Indonesia Tbk (ACES) also successfully increased their net profit, by 15.3% and 4.3% respectively.
However, several retail issuers did not record good profit performance. PT Matahari Department Store Tbk (LPPF) obtained a profit of Rp 1.19 trillion, but this amount decreased by 20.7% from the same period the previous year. Then, PT Matahari Putra Prima Tbk (MPPA) incurred a loss of Rp 265.8 billion.
PT Hero Supermarket Tbk (HERO)'s performance was the worst. The company incurred a loss of Rp 6.7 billion for the nine months of 2019, while in the same period of the previous year, its net profit reached Rp 86.2 billion.
"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."
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