Sido Muncul’s Net Profit IDR123Bn in 2Q18

Sido Muncul, Tbk (SIDO:IJ) recorded IDR123Bn in 2Q18 net profit (-27% QoQ, 4% YoY), bringing up its 1H18 net profit to IDR292Bn (+19% YoY), accounting for 49% for FY18 consensus. This is slightly ahead of expectation because its 1H17 net profit only accounting for 46% of its 1H17 figure. To subscribe please click here