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CLEO Is Aggressively Pursuing Performance Targets While Also Consistently Implementing Sustainability Measures

PT Sariguna Primatirta Tbk (Tanobel Group), known by the IDX ticker code CLEO:IJ, is a bottled water producer aiming for double-digit sales growth this year, backed by its strong financial performance.

The company's optimism is fueled by the ongoing growth prospects in the bottled water industry. Additionally, the rising awareness of the importance of consuming healthy beverages has become a significant advantage for CLEO. This increased awareness leads consumers to be more selective in choosing quality and safe products. CLEO provides pure water that is filtered to remove contaminants, evidenced by its low Total Dissolved Solids (TDS) level, low mineral content, and BPA-free packaging, which has won over many customers.

"While striving to meet our growth targets, CLEO remains committed to sustainable practices. We diligently implement sustainable strategies to contribute to a healthier environment, ensuring our business can grow sustainably," said CLEO's CEO, Melisa Patricia.

CLEO's commitment to sustainability includes the production of Cleo Eco Green, a pure water product with eco-friendly packaging made from 100% recycled materials to reduce plastic waste. CLEO also offers returnable glass bottled drinks, allowing consumers to return the bottles after use, minimizing environmental impact. Furthermore, CLEO's gallon and other bottled products are made from recyclable materials (r-PET), processed at each of the company's factories, and this initiative has received ecolabel certification.

The company's concern for the environment is shown through various activities that support environmental sustainability. CLEO regularly organizes environmentally-focused events, such as beach clean-ups in several regions of Indonesia, planting mangrove seedlings, and other initiatives. CLEO's commitment to environmental preservation has received widespread recognition, including a green industry certification for its Pandaan factory in East Java.

Looking at the existing performance records and the increase in sales due to various events leading up to the end of the year, the company is optimistic that the 2024 fiscal year will end positively. As of September 30, 2024, the company has reported impressive growth, with sales reaching Rp2.0 trillion, a 31.5% increase year-on-year. Net profit surged by 60.8% year-on-year to Rp 336.5 billion.

Tag: CLEO Sariguna Primatirta Tanobel Group