JAKARTA – The dividend of PT Ramayan Lestari Sentosa Tbk (RALS) for the fiscal year (FY) 2023 slid down 3.67% from the FY 2022 dividend. The dividend allocation of RALS, the managing company of Ramayana retail network, is shrinking along with the decreased net profit attributable to the parent company in 2023.

Based on the data compiled by IDNFinancials today (21/5), the issuer reported net profit of IDR 300.36 billion in 2023. From said amount, the management of RALS sets aside IDR 296.56 billion or IDR 50 per share as dividend, leaving the remainder stored as retained earnings.

In 2022, RALS booked net profit attributable to the parent entity of IDR 351.99 billion, IDR 307.47 billion of which was allocated as dividend, equal to IDR 50 per share. Retained earnings were at IDR 3.86 trillion, and total equity reached IDR 3.72 trillion.

RALS’s revenue in 2023 was reported at IDR 2.74 trillion, down from IDR 2.99 trillion seen in 2022. Most of the revenue came from outright sales of IDR 2.05 trillion, consignment sales (minus the consignment expenses) of IDR 685.33 billion, and commission of consignment sales of IDR 685.33 billion. (LK/ZH)