JAKARTA (Yosefardi) – Cigarette producer PT Gudang Garam Tbk (GGRM) booked net profit of Rp3.28 trillion in first nine months of this year, increased 7% from Rp3.04 trillion in the same period of last year. Earning per share was Rp1,682.
Revenue rose 12.4% to Rp40.02 trillion from previous Rp35.59 trillion. Cost of sales reached Rp32.09 trillion, then gross profit was Rp7.93 trillion. Operating profit reached Rp4.84 trillion.
Its assets totaled Rp32.66 trillion while liability amounted Rp19.46 trillion. The company has cash and cash equivalent of Rp1.39 trillion.
GGRM shares declined 1.7% to Rp37,450 Tuesday (Oct 29), which might reflect PE multiple 16.70 on annualized EPS.
At the end of September 2013, the company had various import/local purchase commitments for inventories with a total value of equivalent Rp705.31 billion and commitments for fixed assets with a total value of Rp4.71 trillion.