HMSP – Net profit grew 28.03% yoy in 2023

HMSP – Net profit grew 28.03% yoy in 2023 Hanjaya Mandala Sampoerna (HMSP) posted revenue of IDR115.98 tn (+4.29% yoy) in 2023; IDR1 tn (+108.84% yoy) from related parties' sales, IDR706.08 bn from export sales, IDR297.84 bn from other sales and IDR114.97 tn from third parties' sales. HMSP had offset the higher excise tax with higher ASP and better efficiency of its operational. As a result, HMSP' net profit reached IDR8.09 tn (+28.03% yoy) in 2023, amidst higher excise tax. (Source : Kontan)