Sido Muncul Raised Sales Of Rp.880.49 Billion And Net Profit Of Rp.295.03 Billion In The First Quarter Of 2022

JAKARTA - PT Industri Jamu and Pharmacy Sido Muncul Tbk (SIDO) earned sales of Rp. 880.49 billion in the first quarter of 2022. This achievement increased by 10.9 percent from the realization of the same period last year of Rp. 793.41 billion.

In SIDO's unaudited interim financial report, quoted on Friday, April 22, the company posted a cost of goods sold of IDR398.67 billion in the first quarter of 2022, an increase of 15.3 percent from the previous year of IDR345.47 billion. As a result, Sido Muncul's gross profit was Rp.481.82 billion, higher than last year's Rp.447.93 billion in the first quarter.

The company recorded sales and marketing expenses of Rp 82.61 billion in the first quarter of 2022, general and administrative expenses of Rp 45.06 billion, other expenses of Rp 1.85 billion. Then there are other incomes of Rp. 14.82 billion.

Thus, the company's operating profit in the first three months of this year was Rp.367.11 billion. This achievement grew by 10.5 percent from the realization in the same period in 2021, which was Rp. 332.04 billion.

The profit for the year attributable to owners of the parent entity was Rp295.03 billion in the first quarter of this year. Its value increased 9.66 percent compared to the first quarter of last year which amounted to Rp.269.04 billion.

For information, the producer of Tolak Angin and Kuku Bima managed to record a net profit of IDR 1.26 trillion in 2021 or a 35 percent jump compared to the previous year which was IDR 934.01 billion.