JAKARTA - PT Trikomsel Oke Tbk (TRIO) has closed five outlets until the end of the first semester of this year. The company also has no plans for expansion until the end of 2019.
"In the first semester of 2019, we closed five stores that were considered to be less positive for the company. Therefore, capital absorption is still minimal. There is no discussion about the actual capex," said Jason A. Kardachi, Director of PT Trikomsel, okay, quoted from Kontan.
For information, TRIO currently has 98 outlets in Indonesia. 76 outlets are Oke Shop outlets and 22 outlets are Global Teleshop outlets. Kardahi said that the company had no plans to close more outlets in the second semester, considering the closure of the five stores had given good results.
As of the end of the first quarter of 2019, TRIO posted a net loss of Rp 3.28 billion. This is due to the company's revenue which dropped 35.67% to Rp 286.34 billion. (LM)