Fuelled by expansion spree, Kopi Kenangan's losses surged 70% in 2022

Fuelled by expansion spree, Kopi Kenangan's losses surged 70% in 2022

Photo: Kopi Kenangan website

Indonesian grab-and-go coffee chain operator Kopi Kenangan saw its net loss increase 70% to 452.5 billion rupiah ($30.5 million) in the financial year ended December 31, 2022, according to a recent regulatory filing.

Edited by: Deepshikha Monga

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