Sido Muncul’s revenue down, shocks market
Bareksa • 14 Mar 2014
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.