Minggu, 19 Mei 2024|Jakarta, Indonesia

Maintaining a Consistent Growth Trajectory, CLEO Records a YoY Net Profit Increase of 32% YoY in Q1 2023

Nata Kesuma

Rabu, 03 Mei 2023 - 21:03 WIB

PT Sariguna Primatirta Tbk (Tanobel Group)
PT Sariguna Primatirta Tbk (Tanobel Group)

Thepresidentpost.id - Jakarta, May 2nd, 2023 – PT Sariguna Primatirta Tbk (Tanobel Group), a listed company, manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded sales of IDR 350.5 billion in Q1 2023, an 14% YoY increase compared to IDR 307.7 billion in the same period last year.

The net profit of the company also increased by 32% YoY to reach IDR 60.6 billion.

“We see that the market conditions have become increasingly favorable and there's been a stabilization of raw material prices in this 1Q23. With the help of our integrated production system and continuous improvement that we apply to the company's performance, we have achieved an extraordinary result in the 1Q23 result,” said Deputy CEO of CLEO, Melisa Patricia.

The company has observed a continuous increase in demand for drinking water every year. In 2023, we have seen a significant increase in the demand for bottled water products, in line with the normalization of outdoor activities such as concerts, competitions, and others.

This factor has resulted in the contribution of bottled products to the Company's sales increasing to 54% in Q1 2023, compared to the contribution in the same period last year of 48%. Additionally, since the pandemic began, we have observed an increased awareness among the public regarding the selection of healthier and higher quality products, both in terms of water and packaging.

From the beginning, CLEO has consistently maintained the quality and health of its products by using BPA-free gallon packaging. As reported in the media and by the National Agency of Drug and Food Control (BPOM), the presence of BPA above the set threshold can have adverse effects on the health of infants and fertility in adults.


Berita Lainnya

Economy 23/04/2024 10:27 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to 400,000-450,000…

National 21/02/2024 08:42 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing over rice…

Economy 21/02/2024 08:38 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE.

Sport 21/02/2024 08:20 WIB

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Chairman of PT Jababeka Tbk (KIJA), Setyono Djuandi Darmono met the Minister of Youth and Sports of the Republic of Indonesia (Menpora RI) Dito Ariotedjo at the Kemenpora RI Office, Senayan, Jakarta,…

World 19/02/2024 17:38 WIB

The Indonesian Embassy in Cairo Receives Aid for Palestine

Cairo, Egypt - The Indonesian Embassy in Cairo welcomes the Radjiman Wedyodiningrat Warship (RJW-992) which arrived at the Al Arish Port, North Sinai Province of Egypt at 8.00 A.M. Cairo local time (13/02).…