Sampoerna Enjoyed Rp 3.89 t Net Profit Last Year

Source from:  The Jakarta Post 05/31/2009

Cigarette producer PT HM Sampoerna Tbk booked Rp 3.89 trillion (US$4.04 million) in net profit last year, up by 7.4 percent from Rp 3.62 trillion in 2007. The company reported Wednesday that last year's performance garnered Rp 34.7 trillion in consolidated net sales, an increase on the Rp 29.8 trillion in 2007, with domestic net sales contributing 97.7 percent to the 2008 consolidated net sales. "The good performance of the company was encouraged by the combination of a rise in sales volume and price," the report says. In 2008, Sampoerna produced 73.3 billion cigarettes, up from 66.8 billion cigarettes in 2007. As of last year, Sampoerna has held the largest market share of 29.5 percent. (naf) Enditem