Revisiting Krakatau Steel

State-owned steel producer Krakatau Steel (KRAS) is optimistic that it will post a net profit in 2018, after continuously being plagued by net losses since 2011. Tambok Setyawati, Finance Director at KRAS, said that the Company targeted US$24 million in net profit for 2018. This optimistic view is supported by its significantly declining net loss in 2017.

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