INDONESIA CIGARETTES
November 1st, 2003
BY MARK ROWE
INDONESIA'S second largest cigarette producer PT HM Sampoerna recorded a three per cent rise in revenue in the first nine months of this year, from Rupiah 10.8 trillion (US$1.3 billion) from Rp 10.5 trillion a year earlier, though sales volumes declined. The rise is attributed to an increase in the government's cigarette excise rate.
INDONESIA'S second largest cigarette producer PT HM Sampoerna recorded a three per cent rise in revenue in the first nine months of this year, from Rupiah 10.8 trillion (US$1.3 billion) from Rp 10.5 trillion a year earlier, though sales volumes declined. The rise is attributed to an increase in the government's cigarette excise rate.
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.