SIDO – Targets double digit export growth

SIDO – Targets double digit export growth Industri Jamu dan Farmasi Sido Muncul (SIDO) is targeting double-digit export growth in FY25F, supported by strong momentum, as exports rose 28% yoy in 1Q25. According to the company’s President Director, SIDO’s export business remains unaffected by the 32% additional tariff imposed by U.S. President Donald Trump, as the U.S. market contributes minimally to total export performance. SIDO is currently focusing on expanding its footprint in selected key markets to strengthen product positioning, namely in Indochina, the Arabian Peninsula, and Africa. (Source : Kontan)