Pyridam’s Sales Increase Bisnis Indonesia, page B2, 2006-02-03
Although PT Pyridam Farma Tbk’s sales all throughout last year was predicted to rise to around Rp.39 billion from Rp.33.97 billion in 2004, its net profit dropped from Rp.1.3 billion to Rp.1.43 billion. This is because the company did not increase the price of its products at all last year. Therefore, Pyridam will increase the selling price of its products by around 8 percent to 10 percent in the beginning of this year in order to adapt to increasing production costs. The minimum sector wage has also been increased as much as 23 percent this year, giving a 4 percent effect to the company’s total expenses.
Pyridam Farma Will Not Share Dividend This Year www.tempointeraktif.com, 2003-05-26
Due to the fact that its profit dropped by 91 percent from Rp.437 million in 2003, PT Pyridam Farma did share its dividend for that year. The profit was instead used to develop the business by preparing 10 new products and also establish partnerships with Heksa Parm and Kalbe Group to manufacture pharmaceutical drugs, and with Mezza to manufacture traditional medications.