Annual Report Pt Djarum [upd] -

Djarum’s R&D section is unusually detailed for a tobacco company. It reveals:

A critical section of any PT Djarum annual report is the analysis of the regulatory landscape. Indonesia’s Ministry of Finance frequently adjusts the tobacco excise (cukai), often with double-digit increases. PT Djarum’s strategy involves a delicate balance of absorbing some costs to maintain volume while passing others to the consumer. annual report pt djarum