Bisnis.com, JAKARTA — It’s been a long time since the stock of herbal and pharmaceutical issuers, PT Industri Jamu and Pharmaceuticals Sido Muncul Tbk. (SIDO) so investors hunt at the beginning of stock trading on Wednesday (28/7/2021).
In the first trading session, SIDO’s share price immediately rose 5.23 percent from the opening position to the level of Rp805 per share.
Interestingly, despite being hunted, in the current year alias year-to-date (ytd), SIDO stock price movements do not look special. From the initial price tag of IDR 795 per share, SIDO has only accumulated 1.26 percent strengthening.
In fact, from a business perspective, the report cards recorded by this company are no joke. Referring to the latest financial reports that have been released, during the first semester of 2021, Sido Muncul has recorded sales of Rp. 1.65 trillion, an increase of 13.36 percent from the realization of sales of Rp. 1.45 trillion in the same period last year.
Profit attributable to parent entity SIDO has also touched Rp502 billion, up 21.31 percent year-on-year (yoy). This growth was higher than the performance throughout 2020, when SIDO’s bottom line growth was in the range of 15.64 percent.
Realized profit in the first semester of 2021 is also equivalent to 53.74 percent of last year’s achievement.
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