Gudang Garam says Q1 net profit up 19 pct

Gudang Garam , Indonesia's No.2 cigarette maker, said on Friday its first quarter 2011 net profit rose 19 percent on higher sales.

The firm, controlled by the Wonowidjojo family, posted 1.1 trillion rupiah ($128.17 million) in net profit in the first three months, higher than the 927.79 billion rupiah in the same period a year ago.

The firm reported sales of 9.47 trillion rupiah in the January to March period this year, higher than the 8.59 trillion rupiah in the same period last year. Source: Reuters