Growth of 2.4% in Sales
KLBF’s sales grew by 2.4% from IDR4.89 trillion in 1Q17 into IDR5.01 trillion in 1Q18. The growth was boosted by the sales growth of 3.6%, 2.1%, 2.8%, and 0.5% respectively posted by the prescription drugs, the nutritional food, the distribution, and the consumer health.
Lowest Sales Growth by the Nutritional Food
Based on the Nielsen Retail data, the sales volume of dairy powder in Indonesia edged down 2.5% from 203 million tons in 2016 into 198 million tons in 2017. We estimate that the downtrend likely impacted on the nutritional food. Of note, the nutritional food posted the 1Q18 growth of 2.1% the last-5-year-lowest growth.
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