State steel producer Krakatau Steel (KRAS) suffered a loss of US$505.4 million in 2019. It widened from a loss of US$167.53 million in 2018, as revenues fell 17.6% to US$1.42 billion from US$1.74 billion. The cost of revenue reached US$1.4 billion, then gross profit was US$16.9 million only, compared to US$151.77 million in Q1 last year.

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