JAKARTA - PT Hotel Fitra Internasional Tbk (FITT) optimizes efficiency and cost savings on all fronts related to a deficit balance of Rp 21.50 billion. This was conveyed by Joni Rizal, Director of PT Hotel Fitra International Tbk (FITT) in the First Quarter 2021 Financial Report published on Thursday (27/5).
He conveyed that FITT management will do other things related to this situation, including maximizing the rental of the convention hall and collaborating with event organizers to increase customers. "We are optimistic that we can increase revenue, especially from meeting room rentals and weeding by still referring to health protocols," he said.
In the financial report, it is stated that the deficit in the FITT balance in the first quarter of 2021 is larger than in December 2020 of IDR 19.59 billion. Meanwhile, total equity decreased to IDR 27.90 billion from IDR 29.19 billion.
Hotel Fitri's revenue also decreased to IDR 1.55 billion from IDR 1.84 billion, gross profit decreased to IDR 206.99 million from IDR 400.63 million due to an increase in cost of revenue. The loss for the current year was IDR 1.90 billion compared to the loss for the same period in 2020 of IDR 1.93 billion.
The decrease in income came from all departments, including hotels, banquet, breakfast, food and beverage, laundry, and others. "The emergence of COVID-19 since early 2020 has had an impact on company operations to date," he said. (LK/LM)