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Jakarta Post

Cigarette makers defy crisis, grows stronger

  • The Jakarta Post

Jakarta   /   Thu, May 28 2009   /  02:00 pm

Local tobacco companies remain immune to the global economic downturn as indicated by first quarter cigarette sales which jumped by 11.5 percent as against the same period last year. According to data released by publicly listed PT HM Sampoerna, the nation's biggest cigarette maker by volume, cigarette sales totalled 59.6 billion sticks between January and March this year as against 53.5 billion sticks recorded in the same period last year. Around 59.7 percent of the first quarter sales comprised machine-rolled clove cigarettes, 32.2 percent hand-rolled clove cigarettes and 8 percent machine-rolled non-clove cigarettes. While booking a 2.5 percent rise in sales volume to 18.1 billion sticks from 17.7 billion, the market share of Sampoerna-branded cigarettes dropped to 24.3 percent from 25 percent. The consolidated market share of the Sampoerna brand and the Philip Morris b...