Sunday, August 12, 2012

RG2011... Mau gudang garam pak?

 

Gudang Garam's net profits allegedly shrink 8.6 percent

by Arief Priyono

One of Indonesian largest cigarette producer PT Gudang Garam (GGRM), suffered an alleged 8.6 percent drop in net profits in the first six months of this year to Rp 2.12 trillion (US$222.6 million), due to the alleged soaring of costs of goods sold.

01/09
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Traders show a number of PT Gudang Garam tobacco products in a traditional market in Kediri, East Java.
02/09
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Picture of a cigarette product of PT Gudang Garam at a traditional market in Kediri, East Java.
03/09
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Picture of some cigarette products of PT Gudang Garam at a traditional market in Kediri, East Java.
04/09
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Picture of some cigarette products PT Gudang Garam at a traditional market, in Kediri, East Java.
05/09
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Traders show a number of PT Gudang Garam tobacco products in a traditional market, in Kediri, East Java.
06/09
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Traders show a number of PT Gudang Garam tobacco products in a traditional market, in Kediri, East Java.
07/09
Caption
Traders show a number of PT Gudang Garam tobacco products in a traditional market, in Kediri, East Java.
08/09
Caption
Traders show a number of PT Gudang Garam tobacco products in a traditional market, in Kediri, East Java.
09/09
Caption
Traders show a number of PT Gudang Garam tobacco products in a traditional market, in Kediri, East Java.

One of Indonesian largest cigarette producer PT Gudang Garam (GGRM), suffered an alleged 8.6 percent drop in net profits in the first six months of this year to Rp 2.12 trillion (US$222.6 million), due to the alleged soaring of costs of goods sold.

Gudang Garam booked Rp 23.5 trillion in revenues during the January-to-June period, a rise of 18.6 percent from Rp 19.84 trillion in the same period last year.

Gudang Garam's COGS soared 26.17 percent to Rp19.01 trillion, leading to a decrease in net profits to Rp 2.12 trillion, versus Rp 2.32 trillion in the first half of 2011.

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