SIDO — Revenue reached IDR843.06 bn in 1H24

SIDO — Revenue reached IDR843.06 bn in 1H24 Sido Muncul (SIDO) expects to experience positive growth in 2024, with sales rising 12.9% yoy despite a 20% qoq decrease to IDR843.06 bn in 1H24. This growth is due to higher sales volumes across all business segments, both domestically and in export markets. Export sales contributed 8% of total sales in 1H24, with key export markets including the Philippines, Malaysia, and Nigeria. The herbal and supplement segment reached IDR486 bn (+8.1% yoy) in sales, supported by a strong performance from products like Tolak Angin. Furthermore, the pharmaceutical segment and food and beverage sales increased to IDR35.77 bn (+12.3% yoy) and IDR320.6 bn (+21.2% yoy), respectively. (Source: Kontan)