Gudang Garam (GGRM), the second largest cigarette producer, booked net profit of Rp2.87 trillion in the first half of 2016, an increase of 19% from the same period of 2015. The company’s performance weakened in the second quarter, pretty much in contrast to HM Sampoerna (HMSP), which reported weak first quarter, but significantly stronger second quarter.To subscribe please click here
