JAKARTA - PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) recorded Rp 374 billion of net profit in the first semester of 2019, rose by 28% compared to the same period last year, at Rp 292 billion.
Leonard, Director of PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) stated that the increase in revenue was contributed by the increase in sales volume, particularly in food and beverages, and efficiency. “First, in terms of our sales volume, it also went up, including sales prices in 2Q, in food and beverage segment; and there were also some efficiencies undertaken in 2019,” he said.
In the first semester of 2019, the company recorded Rp 1.41 trillion of sales, in which herbal and supplement contributed Rp 943 billion, food and beverages contributed Rp 403 billion, and pharmaceutical contributed Rp 64 billion. (LK/W)