PT Supra Boga Lestari Tbk (RANC), owner of retail store Ranch Market and Farmers Market, plans to open 4 new stores in the second half of this year, located in Malang (East Java) and Samarinda (Kalimantan). The investment for a store reaches Rp7.5-10 billion. RANC allocates capital expenditure (capex) of Rp40 billion for this year. The Company expects its sales to increase by Rp28 billion this year. RANC booked net profit of Rp29.6 billion last year on revenues of Rp2.1 trillion.
