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Jan 20, 2017 11:32:42

Sido Muncul eyes IDR2.7trn revenue in 2017

Industri Jamu dan Farmasi Sido Muncul ($SIDO, BUY, TP: IDR650) eyes revenue of IDR2.7trn in 2017, +15% to 2016E. In 2016, SIDO’s revenue expected to reach IDR2.44trn. According to Finance Director, Venancia Sri Indrijati, expects management efforts to improve the distribution of goods to help the company to pursue the target. The company would push the sales of some dormant products such as Susu Jahe and Kopi Jahe. Furthermore, the company expects its bottom line to grow by 7%-8% in FY16. Besides that, the company prepares IDR200bn capex this year to support business operational. (Kontan)

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