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Today's Headlines Philip Morris Indonesia

  • Rights Issue Indonesia: Philip Morris’ HM Sampoerna to Raise Free-Float

    Indonesia’s largest cigarette producer, HM Sampoerna, is expected to go-ahead with its planned rights issue despite weak market conditions. HM Sampoerna, subsidiary of USA-based global cigarette and tobacco giant Philip Morris International, needs to meet a recently-adjusted minimum free-float requirement on the Indonesia Stock Exchange (IDX).

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  • Philip Morris to Sell Stake in HM Sampoerna to Increase Free Float

    In order to comply with new rules, Philip Morris International Inc. will increase the free float ratio of its Indonesian unit HM Sampoerna on the Indonesia Stock Exchange (IDX) from 1.82 percent to 7.50 percent. Per January 2016, all listed companies on the IDX are required to have at least 7.5 percent of their shares in public hands. Currently, however, Philip Morris owns 98.18 percent of HM Sampoerna, Indonesia’s largest cigarette manufacturer and among the largest Indonesian companies listed on the IDX in terms of market capitalization.

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  • Philip Morris Indonesia Invests USD $174 Million to Increase Production

    Philip Morris Indonesia, Philip Morris International's affiliate in Indonesia, will invest USD $174 million to increase production capacity of white and clove (kretek) cigarettes. About USD $78 billion will be used to enhance production capacity at its two existing factories in Karawang (West Java), while the remaining USD $96 million will be used to establish a new factory, specifically for the production of Marlboro-branded cigarettes. This new factory will be located next to its other two factories in Karawang.

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  • HM Sampoerna Uses Total Net Profit of 2012 to Pay out Dividend to Shareholders

    HM Sampoerna, Indonesia's largest tobacco manufacturer and the country's second-largest company based on market capitalization, will pay out dividend amounting to IDR 2,269 per share (USD $0.23) as agreed in today's shareholders' meeting (18 April 2013). The company will use its full net profit of 2012 for the dividend payout. Last year, HM Sampoerna recorded net profit of IDR 9.95 trillion (USD $1.02 billion), a 23.3 percent increase compared to 2011.

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