Sales of Pyridam Farma Tbk and its subsidiaries (PYFA Group) Increase 127% to Rp. 630.5 Billion in 2021
Jakarta, May 6, 2022 – PT Pyridam Farma Tbk. and its subsidiary (PYFA Group) recorded a significant increase in net sales, which increased by 127% to Rp. 630.5 Billion in 2021 compared to Rp. 277.4 billion in 2020. This increase in net sales far exceeded the Company’s target in 2021, namely to increase net sales by at least 50% from the previous year.
The largest contribution portion of PYFA Group’s net sales still came from pharmaceutical products and tolling products as much as 76%. The remaining 24% came from health products. Although the contribution is not much, PYFA Group’s net sales of health products increased significantly by 308% or four times from the previous year.
“In 2021, sales and EBITDA will increase because the Company has made many innovations in terms of products and also increased efficiency in terms of operations. This certainly spurs us in the future to continue to present the best products to advance the healthcare industry in Indonesia.” said Yenfrino Gunadi as Director of PYFA Group.” said Yenfrino Gunadi as Director of PYFA Group.
A significant increase also occurred in EBITDA recorded by the Company in 2021, which increased by 85% from 2020. Meanwhile, the ratio of operating expenses to net sales decreased from 48% in 2020 to 35% in 2021 which indicates an increase in efficiency. the Company’s expenses compared to the previous year.
PYFA Group will continue to make new innovations by adding new innovator products and also collaborating with other pharmaceutical companies such as Mundipharma, Daewoong Pharma, Merz to present superior products to advance the healthcare industry in Indonesia.
About PT Pyridam Farma Tbk.
PT Pyridam Farma Tbk is a pharmaceutical company with main business in the form of production and/or distribution of modern and traditional medicines as well as distribution of medical devices such as laboratory equipment and PCR test kits. The company was founded in 1976 and has been a public company and has been listed on the Indonesia Stock Exchange since 2001.
PT Pyridam Farma Tbk. manufactures a wide range of pharmaceutical products such as Antibiotics, Vitamins, Supplements, and Traditional Herbal Treatments. The company has more than 200 products in the form of tablets, caplets, capsules, cream syrups, and ointments. In addition, PT Pyridam Farma Tbk. also manufactures prescription products such as penicillin and non-penicillin antibiotics, and painkillers, as well as non-prescription products for vitamins, cold and cough suppressants, and antipyretics.
