JAKARTA – PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) collected IDR 907.30 billion of revenue and IDR 300.237 billion of profit in Q1 2023.

In Q1 2023 Financial Report published today (28/4), SIDO’s sales reportedly shyly climbed 3.04% year-on-year (yoy) from IDR 880.49 billion in Q1 2022. The gross profit weakened slightly from IDR 484.38 billion to IDR 483.19 billion, unlike its operating profit that shifted higher from IDR 367.11 billion to IDR 369.53 billion. The profit in Q1 2022 was IDR 295.03 billion.

The herbal medicine and supplement products generated IDR 553.26 billion of sales, increasing from IDR 529.19 billion in Q1 2022. Then, food and beverages’ sales were seen increasing from IDR 308.71 billion to IDR 330.75 billion, while pharmaceutical products’ sales went down from IDR 42.75 billion to IDR 23.28 billion. (LK/ZH)