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Annual Report 2019. The company’s shares are listed and traded on the Indonesia Stock Exchange (IDX) under reference GGRM. Dividend payment is approved by the General Meeting of Shareholders. Year on year, the company's dividend policy allows for dividend of 20 per cent to 40 per cent of net income to be declared.
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LAPORAN TAHUNAN 2022 ANNUAL REPORT PT GUDANG GARAM TBK 01 In 2022 the tobacco sector faced further cost pressure from increased excise duty (including VAT and cigarette tax) while purchasing power remained weak and below levels experienced pre COVID-19. Despite these challenges Gudang Garam made progress during the second half of the
The document is the 2019 annual report of PT Gudang Garam Tbk, an Indonesian tobacco company. Some key highlights include:- Sales revenue increased 15.5% to Rp110.5 trillion - Profit for the year was up 39.6% to Rp10.9 trillion- Market share increased from 23.1% to 25.6%.
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The above financial information are derived from 2021 consolidated financials statements of PT Gudang Garam Tbk and subsidiaries, which was 64 audited by Siddharta Widjaja & Rekan, Registered Public Accountants, who expressed an UNQUALIFIED OPINION on those statements.
Gudang Garam (GGRM) booked 3Q20 revenue of IDR29.7tn (+2.6% YoY, +12,6% QoQ), achieving 73.9% and 74.5% of our and consensus estimate respectively. This revenue was above our expectations, as hand-rolled cloves (SKT) sales growth continued to increase at moderate pace by 8% YoY (vs. 6% in 3Q19).
