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

By : Nata Kesuma | Wednesday, May 03 2023 - 21:05 IWST

PT Sariguna Primatirta Tbk (“CLEO”)
PT Sariguna Primatirta Tbk (“CLEO”) - 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.

News Comment

Today's Industry

Totolink outlet. (Photo: Public Relation of Totolink)

Kamis, 11 Juli 2024 - 22:08 WIB

Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia

Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.

The President Commissioner of Bersama Digital Data Centres (BDDC), Setyanto Hantoro (fourth right) and The President Director of BDDC, Angelo Syailendra (third right) during the BDDC JST1 Inauguration Ceremony in Jakarta on Wednesday (10/07/2024).

Kamis, 11 Juli 2024 - 19:03 WIB

BDDC Inaugurates JST1 TIER IV Data Centre in Jakarta to Strengthen Digital Infrastructure

Bersama Digital Data Centres (BDDC), an in-town data centre provider with interconnectivity and integrated digital systems, inaugurated its 5 MW Tier IV data centre facility, JST1 (Jakarta Selatan…

The Board of Directors of PTT Global Chemical (GC) pose for a group photo after receiving the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin. (Photo: GC Public Relations)

Kamis, 27 Juni 2024 - 15:30 WIB

Global Chemical Achieves Prestigious SNI Certification for InnoPlus Polyethylene Resin

PTT Global Chemical (GC) is proud to announce its successful attainment of the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin.

 Financial Literacy

Rabu, 26 Juni 2024 - 22:47 WIB

The Importance of Financial Literacy

Financial literacy refers to the ability to understand and use various financial skills effectively, including personal financial management, budgeting, and investing.

Unveiling New Opportunities

Rabu, 26 Juni 2024 - 14:52 WIB

Unveiling New Opportunities

As we step into 2024, the cryptocurrency landscape continues to evolve, presenting unprecedented opportunities for investors, developers, and enthusiasts.