Latest news for Gudang Garam (OTC:GGNPF) Stock

PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers, two production facilities, and dozens of offices all located in Indonesia. Nearly all of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Surya, GG, and Merah. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot. The company's segment includes Cigarettes, Paperboard, Infrastructure, and Others. The company generates the majority of its revenue from sale of Cigarettes.

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Stocks That Hit 52-Week Highs On Tuesday

Indonesia's PT Gudang Garam (OTC: <a class="ticker" href="/stock/ggnpf#OTC">GGNPF</a>) reported an 8.3% drop in its first-half net profit.

Gudang Garam's net profit for the period declined to 2.10 trillion rupiah ($221 million), versus IDR2.29 trillion, in the year-ago period. 

Its sales climbed 20% to IDR23.56 trillion from IDR19.65 trillion, while cost of sales surged 26% to IDR19.01 trillion versus IDR15.07 trillion.

Gudang Garam

Indonesia's PT Gudang Garam (OTC: <a class="ticker" href="/stock/ggnpf#OTC">GGNPF</a>) reported an 8.3% drop in its first-half net profit.

Gudang Garam's net profit for the period declined to 2.10 trillion rupiah ($221 million), versus IDR2.29 trillion, in the year-ago period. 

Its sales climbed 20% to IDR23.56 trillion from IDR19.65 trillion, while cost of sales surged 26% to IDR19.01 trillion versus IDR15.07 trillion.

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