JAKARTA - PT Millennium Pharmacon International Tbk (SDPC) is collaborating with two new distributors in order to raise its sales this year. As of Q1 2023, this issuer posted IDR 753.58 billion of sales, lower than the same period last year worth IDR 813.45 billion.

The data compiled by IDNFinancials today (24/7) mentions that this pharmaceutical product manufacturer has joined hands with two new distributors, PT Rama Emerald Multi Sukses (REMS) and PT Dion Farma Abadi (DFA) since July 21 and May 12 this year, respectively.

Prior to these two new distributors, the issuer had ended its cooperation with PT Tiara Kencana (TK) as its prior distributor on January 31.

SDPC's profit shrank to IDR 5.84 billion in Q1 2023 from IDR 11.03 the same period in 2022. This decline was caused by raised selling and financial expenses. (LK/ZH)