Gudang Garam Tbk (GGRM) Persistently Retains Strong Sales
GGRM achieved net profits of IDR2.96 trillion (+34% y-y, +54% q-q) in 3Q19.
GGRM achieved net profits of IDR2.96 trillion (+34% y-y, +54% q-q) in 3Q19.
MAPI after the 2Q19 Eid Mubarak succeeded to post the 3Q19 revenues of IDR 5.3 trillion (+14.2% y-y, +1.1% q-q).
The 3Q19 revenues stood at IDR5.6 trillion (+6.6% y-y,-3% q-q) to show contracted top line along with declining gross profits to IDr2.5 trillion.
ICBP achieved net profits of IDR1.3 trillion or a 10% y-y increase. The net profits, on an accumulative basis.
KINO posted the revenue growth of Rp1.26 trillion or a 41% y-y increase and a 3% q-q gain.
The 2Q19 revenues were at IDR3.72 trillion or a 1.7% y-y growth from IDR3.6 trillion in 2Q18.
GGRM posted for 1H19 sound performance, given a 16.4% y-y growth to IDR52,7 trillion in revenues.
The success in keeping efficiency in check was a boost for KLBF’s sound performance in 2Q19.
MAPI posted two-digit growth in IH19, with a 10.2% y-y gain to IDR10 trillion in revenues on the back of Idulfitri momentum and a 3% moderate SSSG (vs, a 7% FY19 targeted SSSG).