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Menteng Heritage recorded a loss of Rp 2.5 billion in 2019

29 April 2020 06:18

JAKARTA. PT Menteng Heritage Realty Tbk (HRME), the operator of The Hermitage and Pomelotel hotels, recorded a loss of Rp 2.5 billion in FY2019.

Christofer Wibisono, Director of HRME, said the loss was smaller than in the previous year. In an incidental public expose session held on Monday (27/4), Wibisono said the company's losses in 2018 reached Rp 21.1 billion.

Nevertheless, Wibisono admitted that HRME's performance showed a positive trend. The company recorded revenue of Rp.109.8 billion in 2019, while in 2018 the figure was only Rp 60.7 billion.

In addition, Wibisono said that HRME's total asset value had risen by 16% in 2019 to Rp 937 billion, from Rp 807 billion recorded in 2018.

According to data compiled by idnfinancials.com, HRME has become the top loser in the stock market five times in April 2020.(KR/AR)

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