Ramayana Broke In 2020, It Lost IDR 138 Billion Despite Reaping IDR 2.57 Trillion In Income

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Ramayana Lestari Sentosa Tbk recorded a decline in performance in 2020 2020. This retail company coded RALS recorded a net loss of IDR 138.87 billion, the effect of being hit by the COVID-19 pandemic.

Quoted from the financial report published on the information disclosure page of the Indonesia Stock Exchange (IDX), Sunday, April 18, Ramayana earned IDR 2.57 trillion in revenue last year. This achievement decreased by 54.02 percent when compared to the previous year's IDR 5.59 trillion.

Meanwhile, the sale of discontinued goods contributed to the income of IDR 2.06 trillion. Then, the consignment sales commission contributed IDR 466.26 billion.

Along with the decline in revenue, Ramayana's cost of goods sold also fell to IDR 1.45 trillion from IDR 3.1 trillion previously. RALS 'gross profit was recorded at IDR 1.07 trillion or decreased by 57.02 percent from the previous year's IDR 2.49 trillion.

Overall, Ramayana Lestari Sentosa can cut the company's expenses. However, with a significant decrease in income, RALS's bottom line turned into a loss of IDR 138.87 billion from 2019 which recorded a net profit of IDR 647.89 billion.

Until the close of 2020, RALS assets were recorded at IDR 5.28 trillion or a decrease of 6.38 percent compared to the previous year of IDR 5.64 trillion. The cash equivalents of RALS were recorded at IDR 1.55 trillion.

By the end of 2020, RALS 'liabilities had increased by 5.4 percent on an annual basis to IDR 1.56 trillion. Meanwhile, RALS equity fell 10.81 percent to IDR 3.71 trillion.