Gudang Garam's sales up

Gudang Garam's sales up

SURABAYA, East Java (JP): PT Gudang Garam, a publicly-listed clove-blended cigarette manufacturer, expects net sales this year of Rp 6.28 trillion (US$2.7 billion), a 12 percent increase from Rp 5.5 trillion in 1995.

Djajusman Surjowijoyo, an executive of the East Java-based company, said that net profits are projected to increase by 43 percent to Rp 525 billion this year from Rp 366.4 billion last year.

Speaking to journalists following the company's annual shareholders meeting, Djajusman said that Gudang Garam, which booked a 47 percent increase in its net profits last year, controlled around 47 percent of the country's cigarette market. (15/hen)