By Nai Lun Tan
Hanjaya Mandala Sampoerna's first-quarter net profit rose 1.1%, as lower expenses offset a slight decline in sales.
Net profit was 3.322 trillion rupiah ($222.9 million), up from IDR3.286 trillion a year earlier, the Indonesian tobacco company said late Tuesday.
Revenue fell 0.5% to IDR23.689 trillion, it said.
Sampoerna, majority-owned by Philip Morris International Inc., said activities at two production facilities are suspended through June 1, in line with local movement restrictions aimed at stemming the spread of Covid-19, while four others remain open.
It said it doesn't expect any significant impact to its business caused by measures implemented in response to the pandemic.
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