SIDO — To expand the export business

SIDO — To expand the export business Industri Jamu dan Farmasi Sido Muncul (SIDO) recorded a 36% yoy increase in net profit to IDR608 bn in 1H24. SIDO has focused on expanding its export business, which now contributes 8% to total sales. SIDO aims to increase this to 15% over the next 3-5 years by strengthening distribution networks, entering new markets such as Vietnam and several African countries, and introducing new products. Additionally, SIDO continues to enhance efficiency and cost-effectiveness across its operations. (Source : Bisnis Indonesia)