Lautan Luas is reviewing its revenue growth projection
JAKARTA – PT Lautan Luas Tbk, (LTLS) is reviewing its revenue growth projection of 10% for this year, since the economy is slowing down due to the COVID-19 outbreak.
Eurike Hadijaya, Investor Relations of Lautan Luas, said as quoted by Kontan.id, Friday (3/4) that the company is monitoring its performance of 2020.
He admitted, that the company felt the impact of COVID-19 outbreak. However, the extent of the impact on the company’s revenue has not been measured yet.
In 2019, Lautan Luas recorded Rp 6.53 trillion in revenue, 7.63% lower than its revenue in 2018. (ARM/AR)