PROFILE ISSUER

Ramayana Lestari Sentosa Tbk, PT

Description:

Soon after marriage, Mr. Paulus Tumewu and his wife, Tan Lee Chuan, left the family home in Ujung Pandang, Sulawesi to begin business in Jakarta. They has envisioned a department store that sold quality goods at affordable price for the low income segment. In 1978 they opened their first store which specialized mainly in garment and clothing in Jalan Sabang. They named their store "Ramayana Fashion Store"

With the good growth of the store, new lines of products were added to compliment the original focus of the business, which was garment and clothing. In 1985, fashion apparels such as shoes, handbags, accessories were introduced. Moving forward with optimism, Ramayana was also expanding its coverage area. In that same year, the first store outlet outside Jakarta was opened in Bandung.

By 1989 Ramayana has become a retail chain, consisting of 13 outlets and employing a total of 2,500 workers. They variety of products sold has also became more extensive to include household necessities, toys and stationeries. Soon enough, in 1993 one stop shopping center was implemented in every Ramayana store due to the extensive product range and affordable prices.

Ramayana continues to grow, covering more cities and building a greater retail chain. Today, Ramayana operates 104 stores in 42 major cities with total gross selling space of 765,735 sqm, employing 17,867 employees. The traditional family company has blossomed into a giant retail modern business.

The impressive story of Ramayana's growth over a relatively short period of 29 years is largely contributed from hard work, the dedication of its employees and its ever lasting business focus on providing low income base customer with excellent value for money merchandise by providing quality products at affordable prices.(http://www.ramayana.co.id/)

Security: RALS
Address: Jl. K.H. Wahid Hasyim No. 220 A - B
Phone: (021) 391-4566 (021) 315-1563 (021) 310-6653
Fax: (021) 334-245
Website: http://www.ramayana.co.id/ Major Industry: Retailers
Exchanges: JAK Sub Industry: Department Store Chains
Currency: Indonesian Rupiahs Employees: 16,711
Fiscal Yr Ends: December Market Cap: 6,812,160,000,000 (IDR)
Share Type: Ordinary Share Outstanding: 7,096,000,000
Country INDONESIA Closely Held Shares: 4,224,999,936
Established Listing: 24th Jul 1996
Closing Price: 960 (IDR) Data As Of: 22nd Nov 2017