Sampoerna Q1 profit quadruples

Fri, 31 May 2002

JAKARTA: Cigarette producer PT Hanjaya Mandala Sampoerna said Thursday it first quarter net profit more than quadrupled due to higher sales.

Its net profit hit Rp 409.64 billion (US$46.3 million) from Rp 99.01 billion during the same period last year.

Sales were up 19 percent at Rp 3.787 trillion from Rp 3.179 trillion. The company didn't comment on its performance.

Shares in Sampoerna Thursday are up 0.6 percent, or Rp 25, at Rp 4,450. -- Dow Jones

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