Sales Down, KFC Indonesia Loses IDR 283 Billion

JAKARTA, KOMPAS.com – PT Fast Food Indonesia Tbk recorded a loss of Rp. 283.2 billion until September 30, 2020. In fact, in the same period last year, KFC made a profit of Rp. 124.4 billion.

Losses suffered by the management company KFC Indonesia This was due to the decline in sales during the July to September 2020 period.

Quoted from the disclosure of information on the Indonesia Stock Exchange, Sunday (11/29/2020), the company with the issuer code FAST reported a total revenue of IDR 3.58 trillion.

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This figure has decreased significantly compared to the same period last year, which amounted to Rp 5.01 trillion.

The sales revenue was mainly contributed by the Jakarta Restaurant Support Center (RSC), amounting to Rp 1.27 trillion.

With the decline in revenue, FAST cut its cost of goods sold to Rp 1.45 trillion from the previous Rp 1.87 trillion.

However, these cuts did not do much to reduce gross profit to Rp 2.13 trillion in the third quarter of 2020, compared to Rp 3.14 trillion as of September 2019.

After trimming taxes and other financial charges, Fast Food Indonesia recorded a comprehensive loss for the period of Rp 283.2 billion.

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