SIDO – Tolak Angin sales strategy in the rainy season

SIDO – Tolak Angin sales strategy in the rainy season Industri Jamu dan Farmasi Sido Muncul (SIDO) predicts an increase in Tolak Angin sales in the rainy season. To maximize this increase, SIDO plans to work on new export markets, such as Vietnam, and strengthen product distribution. SIDO will also market its new products, one of which is candy products. Currently, SIDO is still developing several new products and variants. SIDO targets revenue and net profit growth of 10% yoy this year. Note that, SIDO has posted revenue of IDR1.89 tn (+14.7% yoy) and net profit of IDR608 bn (+36% yoy) in 1H24. (Source : Kontan)