Mahkota Group plans to revise its targets and investment plans
JAKARTA. PT Mahkota Group Tbk (MGRO) is reviewing its targets and investment plans in 2020 due to the coronavirus (COVID-19) outbreak that hit Indonesia.
Corporate Secretary of the Mahkota Group Elvi explained that the impact of COVID-19 outbreak on the company's performance was quite worrying, since the outbreak caused lower demand from several large countries such as China and India.
Because of this, the company plans to revise its targets and investment plants. Evi hopes that the company's products can be distributed to the domestic market. (AM/AR)