For a family-owned dynasty, the governance revealed in the annual report is surprisingly modern. While Budi Hartono remains the iconic figure, the daily operations are run by professional managers.
If you want, I can fetch the latest official figures and produce a fully populated annual-report-style write-up (including numeric tables and a CEO-style executive summary). Which year’s annual report should I use?
: It remains a private entity, owned by the Hartono family (Budi and Michael Hartono), who are consistently ranked among the wealthiest individuals in Indonesia.
: The tobacco industry has faced significant headwinds due to substantial excise duty increases and weakened consumer buying power. Diversification Strategy
This is a common search for those analyzing (one of Indonesia’s largest clove cigarette manufacturers) or its massive conglomerate holdings (e.g., Bank Central Asia/BCA, Polytron, Djarum Super League, etc.).
The company's net profit also saw a significant increase, rising by 15% to IDR 2.5 trillion (approximately USD 175 million). This growth was fueled by efficient operations, effective cost management, and a favorable market environment.
