While many industrial sectors in Indonesia have been negatively impacted due to the COVID-19 pandemic, some have gained momentum and contributed positively to the overall economy. According to figures from the Ministry of Industry, the chemical, pharmaceutical and traditional medicines sector recorded a 9.39% YoY growth in 2020. Not only was this higher than its 8.48% growth in 2019, it was also the highest among the various industrial sectors reported, many of which were badly impacted by the effects of the pandemic on trade and consumption particularly.
The pandemic has encouraged people to think about their health and to strengthen their immune systems, thus leading to an increase in the consumption of health products including vitamins and supplements. Masks and medical equipment, like COVID-19 test kits and screening tools, were increasingly sought after as well. PT Pyridam Farma is among the pharmaceutical companies that has had its performance positively driven by the growth in demand in these areas.
Pyridam recorded a 48.6% YoY increase in total net sales to Rp 117.4 billion in the first quarter of 2021 and a 147.7% YoY increase in net income to Rp 10.9 billion. Whilst pharmaceutical products, contributing Rp 84 billion, still dominate the company’s revenue mix and around Rp 5.9 billion was contributed by toll manufacturing, its medical equipment sales grew by 585% YoY, to Rp 27.5 billion, due to the high demand related to COVID-19 seen since the second half of last year.
Denne historien er fra July 2021-utgaven av Forbes Indonesia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 2021-utgaven av Forbes Indonesia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.
