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Cigarette maker Sampoerna nets Rp 3.29t profit in Q1
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Cigarette maker Hanjaya Mandala Sampoerna marketing director Ivan Cahyadi (right) hands a warning sign prohibiting cigarette sales to underage customers to a convenient store attendant in Cilandak, South Jakarta. (JP/Safrin La Batu)
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ublicly listed cigarette maker PT Hanjaya Mandala Sampoerna booked Rp 3.29 trillion (US$247.3 million) in net profit in this year's first quarter.
The figure is a 5.4 percent increase from the same period last year.
Sampoerna net sales climbed 3 percent year-on-year (yoy) to Rp 22.57 trillion, while cost of goods sold increased by 3.1 percent to Rp 16.77 trillion as of March, according to the firm's financial report submitted with the Indonesia Stock Exchange (IDX).
Owned by the world's largest tobacco company Philip Morris Inc., Sampoerna recorded a 21.8 percent jump in assets value to Rp 51.79 trillion during this year's first three months as its cash and cash equivalents soared to Rp 19.95 trillion versus Rp 5.06 trillion in the first quarter of 2016.
Its liability increased by almost 72 percent yoy to Rp 14.31 trillion due to payable excise tax worth of Rp 6.72 trillion.
Stocks of Sampoerna, traded at the IDX under the ticker HMSP, opened the trading day on Thursday at 3,890 apiece, unchanged from its previous close. (bbn)
