JAKARTA (Vietnam News/ANN): KFC Indonesia, owned by Gelael and Salim Group under PT Fast Food Indonesia Tbk (FAST), reported a net loss of 557.08 billion IDR (over US$36 million) as of the third quarter of this year, resulting in the company’s closure of 47 outlets (as of September) and sack of 2,274 employees.
In its financial report, FAST disclosed that in the first nine months of this year, the company reduced its operational store count to 715 from the 2023 figure of 762.
