JAKARTA (Yosefardi) – PT Industri Jamu Dan Farmasi Sido Muncul Tbk (SIDO), producing herbal medicine and engaged in pharmacy industry, allocates Rp235 billion for investment in 2016, mostly to fund factory expansion, producing Tolak Angin product, in Klepu, Semarang.
This year, SIDO invests Rp175 billion. The company targets to add 10 lines of machines for factory in Klepu, to boost capacity by twofold next year.
SIDO booked net profit of Rp326 billion in first nine months to September of 2015, grew by 3.7% from Rp314.5 billion in the same period of 2014. Sales rose 3.5% to Rp1.65 trillion from earlier Rp1.59 trillion.