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Chitose's revenue fell by 13% YoY

23 March 2020 05:55

JAKARTA - PT Chitose Internasional Tbk (CINT), owner of the Chitose brand, experienced a 13% decline in its revenue in Q1 2020 due to the Covid-19 outbreak. In Q1 2019, the company's revenue was recorded at Rp 70.55 billion.

As quoted from the company's disclosure on Friday (20/3), Helina Widayani, Corporate Secretary of PT Chitose Internasional Tbk (CINT) said the company's cash and cash equivalent also fell by 14%. Despite this, the company still managed to maintain its gross margin at 30%

The company also lost Rp 6.10 billion in Q1 2020. In Q1 2019, the company managed to record a net profit of Rp 4.83 billion.  

In facing Covid-19 outbreak, CINT has implemented several measures, such as spraying disinfectants, social distancing, and postponing several business trips. (LK/AR)

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