HMSP booked 2021 sales of IDR98.9 trillion (+7.0% YoY), boosted by machine-rolled clove cigarettes (SKM). Gross profit declined 9.9% from last year, amid the increase of 2021 COGS to IDR81.9 trillion. Meanwhile, excise tax increase also impacted on the decline of 2021 net profit by 16.8% to IDR7.1 trillion (vs 2020 IDR8.6 trillion).
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