Sampoerna's Net Profit Down 17% in 2021

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Reza Pahlevi 25/03/2022 14:30 WIB

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In 2021, Hanjaya Mandala Sampoerna Tbk, a tobacco company, reported sales of Rp 98.87 trillion and a net profit of Rp 7.14 trillion.

Sampoerna Net Revenue and Profit (2017-2021)

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Sampoerna's Net Profit Down 17% in 2021

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Sampoerna Net Revenue and Profit (2017-2021)

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In 2021, cigarette company Hanjaya Mandala Sampoerna Tbk recorded sales of Rp98.87 trillion with a net profit of Rp7.14 trillion. Net profit decreased by 17% compared to 2020, despite an increase in net sales.

The decline in net profit was due to an increase in tobacco excise duties last year. In 2020, the company recorded sales of Rp92.43 trillion with a net profit of Rp8.58 trillion.

The company's net profit has been declining since reaching Rp13.72 trillion in 2019, a year without an increase in tobacco excise duties.

Not only net profit has been declining; Sampoerna's market share has also fallen every year since 2018, when it was recorded at 33.5%.

Market share decreased to 32.2% in 2019 and further to 28.8% in 2020. In the first half of 2021, Sampoerna's market share was only 28%.

This year, the government again raised tobacco excise duties by 12%. This tariff increase applies to Sigaret Putih Mesin (SPM), Sigaret Kretek Mesin (SKM), and Sigaret Kretek Tangan (SKT).

Editor : Annissa Mutia

"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."