State-owned steel producer Krakatau Steel (KRAS) reported a net loss of US$86 million in 2017; it narrowed by 52% from loss US$181 million in 2016. It booked an operating profit of US$50.7 million last year, compared to US$4.39 million only in the previous year. Revenues grew 7.7% to US$1.45 billion from US$1.34 billion. Cost of revenue declined 3.36% to US$1.23 billion, the gross profit jumped 41% to US$219 million from US$155 million in 2016.To subscribe please click here
