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Indonesian shrimp exporter part-owned by president’s son posts $12m loss

PT Panca Mitra Multiperdana, or PMMP, saw a staggering 40% drop in sales in H1 as a result of sharply diminished sales to the US

By Undercurrent News | Sept. 30, 2024 10:21 BST
Indonesia shrimp. Credit; Jala Tech
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Indonesian shrimp processor and exporter Panca Mitra Multiperdana, also known as PMMP, posted a sharp loss of $12.8 million for the first six months ended June 30, 2024 as a result of collapsing sales to the US, reports CNBC Indonesia. [...]

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