Herbal player Industri Jamu Dan Farmasi Sido Muncul (SIDO), producer of Tolak Angin, booked a net profit of Rp640 billion for the first nine months (9M) of 2020, grew 10.78% year on year (y/y) as sales rose 6.94% to Rp2.26 trillion. Due to the COVID-19 pandemic, people opted to consume herbal, and supplement products for maintaining their health, even the people’s purchasing power is weakening due to the global economic downturn. Sales of herbal and supplement products contributed 63.89% of total sales. Sales of food and beverages grew 18.78% to Rp722.19 billion.
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