Profits Of Cigarette Producers Sampoerna Mild And Dji Sam Soe Drop 16.89 Percent To Rp7.13 Trillion, Even Though Sales Soar To Nearly Rp. 100 Trillion!

Illustration. (Photo: Doc. Antara)

JAKARTA - Cigarette producers Sampoerna Mild and Dji Sam Soe, PT Hanjaya Mandala Sampoerna Tbk (HMSP) recorded a decline in net profit of 16.89 percent to Rp7.13 trillion in 2021.

In fact, as quoted from HMSP's financial report, Friday, March 25, the company recorded net sales of Rp. 98.87 trillion during 2021. This figure grew 6.97 percent compared to the previous year of Rp. 92.42 trillion.

Domestic sales through machine-made kretek cigarettes were the main contributor with a contribution of IDR 65.24 trillion, up 6.54 percent yoy. Furthermore, followed by hand kretek cigarettes of Rp. 22.87 trillion, machine white cigarettes of Rp. 9.42 trillion, hand white cigarettes of Rp. 544.89 billion, and others of Rp. 627.92 billion.

HMSP's cost of goods sold rose 11.26 percent yoy to Rp81.95 trillion. So that Sampoerna's gross profit fell 9.9 percent to Rp16.91 trillion.

HMSP noted that selling expenses fell slightly from Rp6.25 trillion to Rp6.2 trillion. General and administrative expenses increased to Rp2.13 trillion from the previous Rp2.11 trillion.

As a result, HM Sampoerna's net profit fell 16.89 percent to Rp7.13 trillion. Previously in 2020, HMSP recorded a net profit of IDR 8.58 trillion.

As of December 31, 2021, HMSP's total assets were IDR 53.09 trillion, up 6.88 percent from the position on December 31, 2020 of IDR 49.67 trillion.

In detail, total liabilities rose 22.95 percent to Rp23.89 trillion and total equity decreased 3.47 percent to Rp29.19 trillion. HMSP's cash and cash equivalents were recorded at Rp17.84 trillion.