Sido Appears (SIDO) Sales Slightly Dropped, But The Impact on Profits Is Not Good

JAKARTA, investor.id – PT Industri Jamu Dan Farmasi Sido Muncul Tbk (SIDO) posted sales of Rp 1.61 trillion in the first semester of 2022, a slight decrease of 2.42% from the first semester of 2021 which was Rp 1.65 trillion.

In the company’s financial statements, the cost of goods sold as of June 30, 2022 is Rp 757.61 billion. The amount is higher than the cost of goods sold in the first half of last year which was Rp 724.71 billion.

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Therefore, in the first half of this year, SIDO posted a gross profit of Rp 854.49 billion, less than the same period last year with Rp 930.08 billion.

In addition, SIDO recorded sales and marketing expenses in the first half of 2022 of Rp 195.25 billion, general and administrative expenses of Rp 119.87 billion, other expenses of Rp 11 million, and other income of Rp 19.25 billion.

Thus, the company’s operating profit in the first half of 2022 is Rp 558.61 billion, which is also less than the achievement in the first half of 2021 which amounted to Rp 620.74 billion.

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SIDO earned a profit for the period of Rp 445.59 billion in the first semester of 2022, a decrease of 11.23 percent compared to the same period in 2021 with a figure of Rp 502 billion.

The profit for the period attributable to owners of the parent entity in the first semester of 2022 is Rp 445.59 billion.

Editor : Theresa Sandra Desfika ([email protected])