ICT retailer Global Teleshop (GLOB) plans to add 6 stores this year, while changing marketing concept for some stores and boosting the online sales. It has in September 2016 restructured Rp495 billion debt to its sole creditor Bank Mandiri (BMRI). GLOB’s liability totaled Rp791.67 billion per March 2017. Its assets reached Rp100.77 billion. Then its equity deficiency amounted Rp690.88 billion. The Company suffered loss of Rp10.8 billion in the first quarter (Q1) this year on revenues of Rp136.4 billion.
