JAKARTA - PT Hotel Fitra International Tbk (FITT) hase set its revenue target at Rp 5.05 billion for this year. The target is lower than the revenue recorded in 2019 (Rp 9.48 billion).
Sukino, Director of FITT, said that the revenue target had been approved during the company's Annual General Meeting of Shareholders (AGMS) which took place in Majalengka, Central Java on Monday (24/8). "As of June 2020, the company has managed to record Rp 2.06 billion in revenue," he said in the company's disclosure published on Wednesday (26/8).
The lower revenue target is related to the impact of the COVID-19 pandemic, which affected the occupancy rate of the company's rooms and convention halls. (LK/AR)