Company Report | Moderate Growth in 2023

Coal Average Selling Price Increase

In 1Q23, SIDO managed to book growth on the Top and Bottom Lines. Sales grew 3% YoY, led by the Food and Beverage segment, which increased 7% YoY. Net profit recorded a 2% YoY increase, bringing NPM to a higher number than the previous quarter at 33% (vs 4Q22: 31%). Sales in the domestic market grew 4%, while the international business grew 11%, driven by strong sales in energy drinks.

Asset Growth

In 1Q23, SIDO managed to book growth on the Top and Bottom Lines. Sales grew 3% YoY, led by the Food and Beverage segment, which increased 7% YoY. Net profit recorded a 2% YoY increase, bringing NPM to a higher number than the previous quarter at 33% (vs 4Q22: 31%).