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SIDO MUNCUL RECEIVES BEST OF THE BEST AWARDS 2019 FROM FORBES INDONESIA

Press Release

Oct 30, 2019

Jakarta, 30 October 2019 – PT Industri Jamu Dan Farmasi Sido Muncul Tbk. (Sido Muncul) was named one of the best performing companies in 2019 in the Forbes Indonesia Best of the Best Awards, held at the Ballroom 1, The Ritz Carlton Jakarta, Pacific Place on Wednesday, 30 October 2019. Receiving the award was Sido Muncul Director Irwan Hidayat.

“It is a proud moment for us to receive this award. For us, the key to being able to reach this level is honesty and transparency. We continue to foster these two principles to grow Sido Muncul’s business. The company is managed in an honest manner and nothing is falsified. In addition, we continue to remain transparent so that our employees know the things we do to develop the business,” said Irwan Hidayat.

Best of the Best Awards 2019 was presented to the best performing listed companies on the Indonesia Stock Exchange (IDX). Forbes Indonesia has chosen 50 companies based on its long-term positive performance. Companies receiving the award have been screened for their long-term performance, based on criteria such as sales growth, net profit, and return on equity.

To be eligible for the Awards, companies must maintain consistent growth in the last three to five years.

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