JAKARTA – PT Sariguna Primatirta Tbk (CLEO), the producer of Cleo branded bottled water, posted a 46% year-on-year (yoy) increase in profit for 2024, reaching IDR 474 billion.

This surge in net profit was driven by CLEO's robust sales in 2024, which rose 29% yoy to IDR 2.7 trillion.

According to the company’s official statement today (26/3), this marks the seventh consecutive year that CLEO has achieved double-digit sales growth.

“Seven years of consecutive double-digit growth is clear evidence of the Company’s commitment to sustainable growth,” said CLEO CEO Melisa Patricia.

CLEO’s consistent sales growth, according to the management, results from the expansion of its factories and extensive distribution network.

As of 2024, CLEO operates 32 factories across Indonesia. “This year, CLEO is focused on completing three new factories in Palu, Pontianak, and Pekanbaru,” the management revealed in the official statement. (ZH)