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Sido Muncul’s revenue down, shocks market

Bareksa14 Maret 2014
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Sido Muncul’s revenue down, shocks market
Obat Tradisional (Antara Foto/Reno Esnir)

Sido Muncul recorded an 0.8 % year-on-year decline in revenues to Rp 2.37 trillion

The Jakarta Post - The slight revenue decline experienced by jamu (traditional herbal drink) manufacturer PT Industri Jamu and Farmasi Sido Muncul came as a surprise to market analysts.

They expected companies in the consumer goods sector, including Sido Muncul, to post a revenue increase on par with the industry’s growth of 10 percent.

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