Retailer PT Ramayana Lestari Sentosa Tbk (RALS) plans to spend Rp200 billion in 2011 for additional eight new outlets.
"To expand new outlets, we will use generated cash flow," said Ramayana Director Setyadi Surya, as reported by Investor Daily, today.
To open a new outlet is required approximately Rp20 billion-Rp25 billion. It depends on the size of the outlet. According to him, Ramayana will open new outlets in Padalarang, West Java, in February 2011, and the remaining will be set in several different cities.
Up to now, Ramayana has 105 outlets throughout Indonesia. The retailers plans to add more outlets to jack up revenue. By end of this year, the company is eyeing Rp6.7 trillion revenue, a 5% increase from Rp6.4 trillion last year.
Disclosure: No position at the stock mentioned above.
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