Cigarette maker Gudang Garam (GGRM), controlled by Wonowidjojo family, booked profit attributable to equity of Rp10.9 trillion in 2019, grew 39.7% from Rp7.79 trillion in 2018 as revenues rose 14.6% to Rp110.5 trillion from previous Rp95.71 trillion in 2018. GGRM’s other income jumped 131.5% to Rp327 billion from Rp141 billion. GGRM’s compound annual growth rate (CAGR) for net profit was 11.96% for the past three years, while the CAGR for revenues was 9.88%.
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