PT HM Sampoerna Named FinanceAsia's Best Managed Company and Best in Corporate Governance Awards.
This is the sixteenth year the poll has been conducted and features the views collected from over 250 portfolio managers, investors and buy-side analysts from Asia in February-March 2016. They nominated the 103-year-old company the awards among over 170 submissions across 10 countries for this annual awards.
"The award reflects the trust that investors have in the company, its good management and its credit profile," said Jonathan Wilshere, FinanceAsia's Country Manager Indonesia.
Mr. Sandritter expressed his appreciation for the award presented by FinanceAsia, an institution with an international reputation for its reporting on the Asian capital and financial markets for the past 20 years.
Committed in Delivering Returns for Shareholders
In the first half of 2016, Sampoerna reported net revenues (excluding excise taxes) of Rp. 21.5 trillion and net profit of Rp. 6.1 trillion, an increase of 7.4% and 22.7%, respectively, over the same period in 2015. The Company, whose three brands (A Mild, Dji Sam Soe and Marlboro) are valued about 11,289 million USD by global research firm Millward Brown, successfully maintained its leadership position in the Indonesian cigarette market with a market share of 34.1% for the six months ending June 2016.
"The Company is committed to continuously investing in Indonesia and delivering returns to our shareholders," said Mr. Sandritter.
Driving Business through Good Corporate Governance
Sampoerna, said Mr. Sandritter, completed a Rights Issue in 2015 to comply with the Indonesia Stock Exchange's regulation on minimum free-float stock requirement. The Company was among the first which fulfilled the requirement.
"As a publicly-listed company that is committed to good corporate governance, Sampoerna continues to commit to comply with all applicable regulations," said Mr. Sandritter.
Sampoerna has always complied with applicable laws and regulations in running its business, including those related to national tobacco industry, to support Indonesia's government in protecting public health, and at the same time ensures the sustainability of Indonesia's tobacco sector which millions of workers, farmers and retailers depend on for their livelihood.
About PT HM Sampoerna Tbk
Established in 1913, PT Hanjaya Mandala Sampoerna Tbk (Sampoerna) - an affiliate of PT Philip Morris Indonesia and part of Philip Morris International Inc - is the leading tobacco company in Indonesia, engaging primarily in the manufacture and trade of clove (kretek) cigarettes. The company had a market share of 35% in 2015, led by its strong brand portfolio including Dji Sam Soe and A Mild in the premium segment and Sampoerna Kretek and U Mild in the medium price segment.
Sampoerna operates seven manufacturing facilities across Java, partners with 38 Third Party Operators in contract manufacturing (TPO), and employs approximately 70,000 people, the majority of whom are involved in the production of Sampoerna's hand-rolled kretek cigarette brands (SKT). The company distributes its products through 106 Area Sales and Distribution Offices throughout Indonesia.
Sampoerna (HMSP:IDX; PHJMF:OTC) is the largest company by market capitalization on the Indonesian Stock Exchange, was Indonesia's largest taxpayer in 2015, with payments to the Government of more than IDR 67 trillion. For more information, please visit www.sampoerna.com.
Source: PT HM Sampoerna Tbk
PT HM Sampoerna Tbk Elvira Lianita Head of Regulatory Affairs, International Trade & Communications Tel +62 21 515 1234 Fax +62 21 515 2234 Email email@example.com
Copyright 2016 ACN Newswire . All rights reserved.
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|Date:||Aug 25, 2016|
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