SOTS - PT. Satria Mega Kencana Tbk

Rp 306

-2 (-1,00%)

JAKARTA - PT Satria Mega Kencana Tbk (SOTS) claims to have decreased hotel occupancy since February 2020 due to the direct impact of the global outbreak of the Covid-19 outbreak. The decline in occupancy occurred in the hospitality business run by a subsidiary in Bali Province.

As quoted from the disclosure of company information, Tuesday (3/17), SOTS management conveyed that the decline in hotel occupancy has taken place since February 2020 and occupancy declined in March 2020. Slowing performance also occurred in the MICE business run by a subsidiary in Jakarta. The decrease was due to the cancellation of a number of events such as, seminars, workshops or gatherings.

SOTS will reduce operational, labor, marketing, inventory and maintenance costs to keep cash flow running. In addition, it will make efficient use of daily labor, contract labor, and permanent employees. (LK)