18
May
08:31
Krakatau Steel boosts revenue on higher sales
Indonesia's state-owned steelmaker Krakatau Steel saw revenue rise in the first quarter of this year due to higher steel sales.
However, the mill posted a net loss of $19.8 million during the reporting period, mainly due to foreign exchange losses of $25.8 million during the period, Kallanish notes.
According to the company's announcement, Krakatau Steel's revenue increased by 2.05% to $689.8 million in the first quarter, compared to $675.9 million in…
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