JAKARTA. Publicly-listed PT Supra Boga Lestari (RANC), the operator of Ranch Market and Farmers Market surpermarkets, gained Rp 1.08 trillion (US$110.62 million) in total revenues last year, up 21 percent from 2011. According to its latest financial report, revenues from the Ranch Market division accounted for more than half of its revenues with Rp 617.58 billion, while the rest came from Farmers Market outlets. Both divisions showed strong growth, recording double-digit increases. Meanwhile, during 2012, RANC's net profits jumped 66.2 percent to Rp 36.46 billion from 2011, driven by higher operating income and lower financing expenses.
Ranch Market operator revenues up 21%
JAKARTA. Publicly-listed PT Supra Boga Lestari (RANC), the operator of Ranch Market and Farmers Market surpermarkets, gained Rp 1.08 trillion (US$110.62 million) in total revenues last year, up 21 percent from 2011. According to its latest financial report, revenues from the Ranch Market division accounted for more than half of its revenues with Rp 617.58 billion, while the rest came from Farmers Market outlets. Both divisions showed strong growth, recording double-digit increases. Meanwhile, during 2012, RANC's net profits jumped 66.2 percent to Rp 36.46 billion from 2011, driven by higher operating income and lower financing expenses.