Despite Cigarette Price Increase, HM Sampoerna Sales Rise in First Half of 2023

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Adi Ahdiat 27/07/2023 19:20 WIB

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In the first semester of 2023, PT HM Sampoerna Tbk recorded net sales of Rp56.15 trillion, an increase of approximately Rp2.6 trillion compared to the first semester of last year.

Net Sales and Profit* of PT HM Sampoerna Tbk for the First Half (2022-2023)

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Despite Cigarette Price Increase, HM Sampoerna Sales Rise in First Half of 2023

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Net Sales and Profit* of PT HM Sampoerna Tbk for the First Half (2022-2023)

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The Indonesian government raised the excise tax on tobacco products (CHT) by an average of 10% at the beginning of 2023. This policy has made cigarettes more expensive.

However, the price increase does not seem to have significantly hampered domestic cigarette sales.

This is reflected in the financial report of one of Indonesia's largest cigarette companies, PT HM Sampoerna Tbk (HMSP).

In the first half of 2023, HMSP recorded net sales of Rp56.15 trillion, an increase of approximately Rp2.6 trillion compared to the first half of last year.

This revenue came from machine-made kretek cigarettes (Rp35.3 trillion), hand-rolled kretek cigarettes (Rp15.39 trillion), and machine-made white cigarettes (Rp4.1 trillion).

Other product sales contributed Rp587.1 billion, hand-rolled white cigarettes Rp496 billion, and export sales Rp237.1 billion.

Of all these segments, the most significant sales increase came from hand-rolled kretek cigarettes, with 26% year-on-year growth.

HMSP's net profit also increased significantly. In the first half of 2023, they achieved a profit attributable to the parent entity of Rp3.75 trillion, an increase of approximately Rp701 billion compared to the first half of last year.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Despite Cigarette Price Increase, HM Sampoerna Sales Rise in First Half of 2023

Despite Cigarette Price Increase, HM Sampoerna Sales Rise in First Half of 2023

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Despite Cigarette Price Increase, HM Sampoerna Sales Rise in First Half of 2023

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