Single-Digit Growth in Sales
KLBF is projected to post the growth of 3.4% in 2018’s sales. The growth is a lot lower than the growth of 4.2% in 2017. It aligns the survey disclosing the decline in Indonesia’s retail sales growth from 3.5% in 2017 to 3.03% y-t-d in 2018.
Adjustment to Selling Prices of Pharmaceutical Drugs
The U.S. dollar strengthening further against the rupiah during 2018 leads to the adjustment to selling prices of pharmaceutical drugs by pharmaceutical companies; KLBF has raised the selling prices of its products by 3%-4% in 3Q18, for example.
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