Cigarette maker PT Bentoel Internasional Investama Tbk (RMBA) today reported a 39.96% increase in net profit last year on the back of modest growth in sales.
Bentoel posted Rp305.99 billion net profit or Rp42.26 a share last year from Rp218.62 billion or Rp30.20 a share in the previous year.
Operating profit increased 37.19% to Rp654.68 billion from Rp477.22 billion. Gross profit rose 19.07% to Rp2.31 trillion from Rp1.94 trillion. Net sales grew 13.15% to Rp10.07 trillion from Rp8.90 trillion.
Disclosure: No position at the stock mentioned above.
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