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Indonesian shrimp giant reports $15m loss, leaves staff unpaid

PT Panca Mitra Multiperdana, a major shrimp processing and export company, is facing financial difficulties, posting a loss of IDR 240.67bn for the third quarter of 2024

By Undercurrent News | Nov. 6, 2024 10:06 GMT
Indonesia shrimp. Credit; Jala Tech
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PT Panca Mitra Multiperdana (PMMP), a major shrimp processing and export company in Indonesia, is facing financial difficulties, posting a loss of IDR 240.67 billion ($15.3m) for the third quarter of 2024, reports Merdeka.  [...]

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