Ramayana Is Able To Reverse Loss Of IDR 138.87 Billion In 2020 To Profit Of IDR 170.57 Billion In 2021

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Ramayana Lestari Sentosa Tbk (RALS) managed to reverse its financial performance in 2021 by recording a profit for the year of IDR 170.57 billion. This achievement increased by 222.82 percent compared to 2020 when the company incurred a loss of IDR 138.87 billion.

In the RALS financial report, quoted Monday, April 4, the company's revenue throughout 2021 reached IDR 2.59 trillion, a slight increase of 2.56 percent from the previous year of IDR 2.52 trillion. The Java, Bali and Nusa Tenggara regions became the largest sales contributors with a value of IDR 1.64 trillion.

Meanwhile, Sumatra contributed IDR 451.23 billion, Kalimantan IDR 231.19 billion, and Sulawesi and Papua amounted to IDR 266.09 billion. Despite the slight increase in revenue, RALS was able to reduce the cost of goods sold from IDR 1.45 trillion in 2020 to IDR 1.38 trillion in 2021 or down 4.67 percent YoY.

Thus, RALS posted an increase in gross profit from IDR 1.07 trillion in 2020 to IDR 1.21 trillion in 2021. RALS' operating profit also increased from a previous loss of IDR 254.10 billion to a profit of IDR 155.36 billion.

The company's total liabilities decreased from IDR 1.56 trillion in 2020 to IDR 1.48 trillion in 2021. Total equity of RALS decreased to IDR 3.59 trillion on December 31, 2021, from IDR 3.71 trillion on December 31, 2020.

The company that manages the Ramayana department store chain previously reported that it had prepared a promotional strategy to seize opportunities ahead of Ramadan. Vice President Director of RALS Jane Melinda Tumewu said that Ramayana had prepared a campaign themed #Masih BanyakCerita which presents a number of promos for consumers.

"This theme illustrates that in the midst of this pandemic, there are actually many consumers who have experience with Ramayana, especially during Ramadan," said Jane.