SIDO – New product launch and to push export sales in 2025

SIDO – New product launch and to push export sales in 2025 Industri Jamu dan Farmasi Sido Muncul (SIDO) plans to expand its export reach to new markets and launch new products in 2025. By the end of this year, SIDO will focus on enhancing distribution, developing new products, and executing more aggressive marketing campaigns. Furthermore, SIDO is targeting high single-digit revenue growth and low to mid-single-digit net profit growth in 4Q24. Note that, SIDO reported revenue of IDR2.62 tn (+11.42% yoy) and a net profit of IDR778.11 bn (+33% yoy) in 9M24. (Source : Bisnis Indonesia)