CLEO records IDR307.7 billion sales in first quarter
JAKARTA - PT Sariguna Primatirta Tbk (CLEO), recorded a 30% increase in sales reaching IDR307.7 billion in the first quarter of 2022. The increase was driven by CLEO's performance which continues to improve both product quality and service quality, enabling the Company to maintain its presence.
Melisa Patricia as Deputy President Director of CLEO said, “We are proud that to this day, CLEO is still able to maintain its existence and even become one of the preferred bottled drinking water for the people of Indonesia. It is proven by the Company’s recorded a net profit of IDR45.8 billion or an increase of 9% in the first quarter of 2022. This increase is inseparable from the prospect of bottled drinking water that continues to thrive, coupled with a surge in demand for drinking water at the current momentum. Therefore, we are committed to continue to add more factories and production capacity so that CLEO can continue to meet the drinking water needs of the Indonesian people.”
CLEO has two products that are offered to the public, namely bottles and non-bottles. Considering the positive growth of bottled drinking water, CLEO's non-bottled products are still the main contributor to CLEO sales, amounting to 51% in the first quarter of 2022. Meanwhile, the sales contribution to the bottle segment increased to 48% in the first quarter of 2022 compared to 41% last year.
Presently, CLEO has 27 AMDK processing plants plus 3 other factories which are projected to be completed in 2022. The Company has a distribution network spread across a number of areas in Indonesia, including Java, Sumatra, Kalimantan, Sulawesi, Bali, East Nusa Tenggara, West Nusa Tenggara, and Papua with a total network of 200 internal distributors and 1,515 total external distributors. (LM)