The tobacco division remains the historical backbone of the Group. Despite increasing global regulations, high excise taxes in Indonesia, and the rise of anti-smoking campaigns, Djarum has maintained market dominance.
No. The fully audited, legal version filed with the Ministry of Law is a paid document. Free versions are usually "Annual Reviews" (marketing brochures) that hide the debt figures. djarum group annual report full
The jewel in Djarum’s crown is its majority stake in Bank Central Asia (BCA), acquired in the late 1990s. BCA’s annual report serves as a proxy for a significant portion of Djarum Group’s asset value. The tobacco division remains the historical backbone of
For the first time, the 2022 full report allocated 15 pages to "Sustainability." Why? Because European export laws are changing. Djarum is shifting from "harmful" tobacco reporting to "positive" technology/banking reporting to soothe international bond investors. Since the parent doesn't publish a consolidated public
Since the parent doesn't publish a consolidated public report, you must build it from the parts.