PT Kencana Energy Tbk (KEEN) this year allocated capital expenditure (capex) of US$4.29 million.

This year's capex allocation is around 17.92% higher than last year's capital expenditure realization of US$3,643 million. The future impact of this situation has never been experienced before," said KEEN President Director Henry Maknawi in the KEEN 2020 annual report published on Monday (14/6).

He added that the Covid-19 outbreak had caused a global and domestic economic slowdown, which affected the Group's operations and the Group's customers and suppliers.

Although this disruption is expected to be temporary, there is considerable uncertainty regarding the extent of its impact on the Group's operations and financial performance.

"The impact depends on certain future developments that are not predictable at this time, including the duration of the outbreak, the economic and other policies the government has implement