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Intikeramik recorded a loss of Rp 49.73 billion in the first half of 2020

07 August 2020 11:17

JAKARTA. PT Intikeramik Alamsari Industri Tbk (IKAI) recorded a loss of Rp. 49.73 billion, higher than its record in the same period last year of Rp 37.77 billion. The increase in losses was mainly caused by the 19.23% decline in the company's revenue.

In the company's disclosure published on IDX website, IKAI booked a revenue of Rp 27.96 billion in the first half of 2020. The slowdown in the company's business caused by the pandemic has reduced the company's revenue, especially from its hotel business. 

Teuku Jonas Raffli, President Director of Intikeramik Alamasri Industri, stated in a press release that with the start of the "new normal" policy by the government, he hopes that it will provide recovery momentum for the company's business. (AM/AR)

 
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