Devastated By The Pandemic And Closing Outlets, KFC Wants The PSBB To Be Relaxed Immediately

Illustration. (Photo: Unsplash)

JAKARTA - The manager of KFC outlets in Indonesia, PT Fast Food Indonesia Tbk hopes a lot from the government in the next year. The company, codenamed FAST, wants government policies such as large-scale social restrictions (PSBB) that hinder tourism businesses to be relaxed.

"We hope that it can be reopened, so that it can provide a better opportunity to do business. Therefore we will make maximum progress so that we can achieve our sales target next year," said Fast Food Indonesia management, quoted from the disclosure of information on the Indonesia Stock Exchange website , Wednesday December 16th.

The COVID-19 pandemic is still a frightening specter for the business world in the country. Fast Food Indonesia has to close 33 of their outlets this year.

The company has several considerations regarding the closure of these outlets. First, because KFC outlets are located at transit points such as airports or stations.

"Second, because the owners of the property area where KFC outlets are located are temporarily closed. The 33 KFC outlets do not mean that they are closed or stop operating, because if things improve and the property area reopens, we plan to re-operate the 33 outlets," clearly the management of fast Food Indonesia.

The outbreak of the COVID-19 virus has indeed depressed the performance of this fried chicken manufacturing company. For your information, Fast Food Indonesia recorded a loss due to decreased revenue until the third quarter of 2020.

Based on the company's financial statements as of September 2020, Fast Food Indonesia posted a loss for the period of IDR 298.33 billion. It is inversely proportional to the profit position of IDR 175.7 billion in the same period the previous year.

This loss was caused by a correction in revenue of 28.47 percent on an annual basis to only IDR 3.59 trillion. Even before the pandemic hit, Fast Food Indonesia projected to reap revenues of IDR 8 trillion in 2020.

Fast Food Indonesia has also revised its revenue target this year to only around IDR5.03 trillion. Regarding the target of opening new outlets, they are only able to add 10 outlets from the plan before the pandemic with the addition of 20-25 new outlets in 2020.