ARTICLE

CLEO - Sales doubled during Ramadan Sariguna Primatirta (CLEO) expects a significant sales boost during Ramadan and Lebaran, with bottled water demand potentially doubling due to increased social gatherings. This growth is further supported by the company's ongoing expansion, including three new factories in Palu, Pontianak, and Pekanbaru, bringing the total to 35 facilities with an annual production capacity of 5.6 bn liters. Additionally, CLEO continues to innovate by offering BPA-free, eco-friendly packaging, reinforced by a strong R&D team to meet evolving consumer needs. Note that, CLEO recorded revenue of IDR1.98 tn (+31.51% yoy) and net profit of IDR336.49 bn (+68.19% yoy) in 9M24. (Source : Kontan)