Ramayana Lestari to renovate 29 stores into SPAR stores in 2017
Ramayana Lestari Sentosa (RALS) plans to renovate 29 of its stores into SPAR stores in 2017 in order to improve the company’s margin. Meanwhile, the company will transform 26 of its stores into SPAR stores in 2016. The company expects its gross margin to increase 1% to 26.5% this year from 2015. As at Jun 16, the company had in operation 114 stores, including 112 supermarkets. The company wants to transform all of its supermarkets into SPAR stores. In 1H16, the company booked net income of Rp254.1b, up 179.7% from Rp90.8b in 1H15. 1H16 revenue grew 27.1% yoy to Rp4.36t from Rp3.43t in 1H15.
