KONTAN.CO.ID - JAKARTA. PT Gudang Garam Tbk (GGRM) recorded a net profit growth of 47.79% annually throughout 2023, amounting to IDR 5.32 trillion. However, GGRM's revenue is still under pressure. This cigarette issuer booked revenue of IDR 118.95 trillion in 2023. This realization was corrected by 4.82% annually or year-on-year (YoY) from IDR 124.68 trillion in 2022. Revenue from exports contributed IDR 1.49 trillion or increased by 0.97% annually. Then GGRM pocketed IDR 117.45 trillion from local sales, which fell 4.89% YoY.
Income Pressured, Gudang Garam's (GGRM) Net Profit Grows 47.79% in 2023
KONTAN.CO.ID - JAKARTA. PT Gudang Garam Tbk (GGRM) recorded a net profit growth of 47.79% annually throughout 2023, amounting to IDR 5.32 trillion. However, GGRM's revenue is still under pressure. This cigarette issuer booked revenue of IDR 118.95 trillion in 2023. This realization was corrected by 4.82% annually or year-on-year (YoY) from IDR 124.68 trillion in 2022. Revenue from exports contributed IDR 1.49 trillion or increased by 0.97% annually. Then GGRM pocketed IDR 117.45 trillion from local sales, which fell 4.89% YoY.