Book Profit Increase in 2023, But Gudang Garam (GGRM) Absent from Sharing Dividends

GUDANG GARAM TBK - JAKARTA. PT Gudang Garam Tbk (GGRM), a prominent Indonesian tobacco company, has decided not to distribute dividends from its 2023 fiscal year, despite reporting a profit increase in the previous year.

For the record, GGRM posted a net profit growth of 47.79% year-on-year throughout 2023, amounting to IDR 5.32 trillion. However, GGRM's revenue still faced pressure.