Sampoerna's profit up 129%

Sampoerna's profit up 129%

JAKARTA (JP): HM Sampoerna, a publicly listed cigarette maker, estimates that its after tax profit for 1994 increased by 129 percent to Rp 241 billion (US$109.54 million) over the previous year.

Executives also told the company's shareholders at an annual meeting here Wednesday that according to a yet to be audited report the firm's net sales grew by 52 percent to Rp 1.35 billion in 1994.

In addition, they reported that the firm's total assets increased to Rp 1.20 trillion as of last December from Rp 964.95 billion as of the end of 1993. (hdj)