Page 39 - KRA Annual Report 2020
P. 39
KRA ANNUAL REPORT Key
2020 Highlight
FINANCIAL PERFORMANCE 2016 — 2020
SALES
The achievement of sales in 2020 was USD 32.9
Million or 36.3% compared to 2019. The
decreasing of sales occurred as impact of coal
price declining & outbreak Covid-19 that forced
customer to do cost reduction.
GROSS PROFIT
Gross Profit in this year shown decreasing
amount from USD 24.2 Million in 2019 became
USD 8.0 Million in 2020, or decrease 67.0%
from previous year. The percentage of gross
profit in FY2020 showing lower number than
FY2019, from 26.6% in FY2019 became 24.2%
in FY2020.
PROFIT (LOSS) BEFORE TAX
Company profit before tax decreased by 69.0%
compared to previous year as impact of
decreasing gross profit. It was USD 5.1 Million or
equal to 15.4% from total sales. Meanwhile the
profit before tax during the period of 2019 was
USD 16.4 Million or equal to 18.1% from total
sales.
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