- Consolidated net sales grew 19.3% to Rp33.77 trillion
- Income from operations grew 11.7% to Rp5.18 trillion
- Net income attributable to equity holders of the parent company rose 3.4% to Rp2.32 trillion
- Earnings per share (“EPS”) was Rp265
Jakarta, 28 October 2011 - PT Indofood Sukses Makmur Tbk (“Indofood”) today announced its financial results for the nine months ended 30 September 2011, reporting consolidated net sales of Rp33.77 trillion, grew 19.3% compared to Rp28.31 trillion in the same period last year. All Strategic Business Group (“Group”), namely Consumer Branded Products (“CBP”), Bogasari, Agribusiness and Distribution registered a healthy sales growth, contributing 42%, 26%, 24% and 8%, respectively to consolidated net sales.
The CBP Group, which consists of Noodles, Dairy, Food Seasonings, Snack Foods, Nutrition & Special Foods Divisions, recorded a 7% increase in total sales value, driven by sales growth across the divisions. Bogasari Group posted a 16.5% increase in total sales value, attributable to higher average selling prices in conjunction with higher global wheat prices. Agribusiness Group continued to post a strong growth, registering total sales value growth of 43.7% due to higher sales volume of palm products and edible oils & fats, as well as higher CPO and rubber prices. Distribution Group also recorded total sales value growth of 11.7%, partly due to higher sales of CBP Group.
Gross profit for the period was Rp9.58 trillion compared with Rp9.17 trillion, an increase of 4.5%
but gross margin decreased to 28.4% from 32.4% mainly due to higher input costs. Income from operations grew 11.7% to Rp5.18 trillion from Rp4.64 trillion on higher gross profit and lower operating expenses; however operating margin decreased to 15.3% from 16.4% impacted by lower gross margin. Net income attributable to equity holders of the parent company rose 3.4% to Rp2.32 trillion from Rp2.25 trillion. Core profit increased 6.8% to Rp2.37 trillion from Rp2.22 trillion in the same period last year.
Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said: “We are encouraged to post another set of positive results during the nine months period of the year. The sound economic condition has advanced us with opportunities and challenges. Supported by our resilient business model, we remain positive that we can weather the challenges and sustain our performance.“
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About PT Indofood Sukses Makmur Tbk
PT Indofood Sukses Makmur Tbk (“Indofood”) (IDX : INDF) is a leading Total Food Solutions company with operations in all stages of food manufacturing from the production of raw materials and their processing through to consumer products on the retailer’s shelf.
Indofood operates four complementary Strategic Business Groups, namely:
- Consumer Branded Products, its business activities are conducted by PT Indofood CBP Sukses Makmur Tbk (“ICBP”), which was listed on IDX since 7 October 2010. ICBP is one of the leading packaged food producers in Indonesia, with a wide range of packaged food products. ICBP brands are among the strongest brands with the most significant mindshare in Indonesia for consumer food brands.
- Bogasari, primarily a producer of wheat flour as well as pasta.
- Agribusiness, its business activities are concentrated in 3 publicly listed companies, Indofood Agri Resources Ltd., listed on the Singapore Stock Exchange, PT PP London Sumatra Indonesia Tbk and PT Salim Ivomas Pratama Tbk, both listed on IDX. The Group’s business principal activities range from research and development, oil seed breeding and cultivation as well as refining, branding and marketing of cooking oil, margarine and shortening. In addition, the Group is also involved in the cultivation and processing of rubber, sugar cane, cocoa and tea.
- Distribution, boasts the most extensive distribution network in Indonesia. It distributes the majority of Indofood’s and its subsidiaries’ consumer products as well as third party products.
For further information, please contact:
Werianty Setiawan
Director & Corporate Secretary
PT Indofood Sukses Makmur Tbk
Tel: +62 21 5795 8822 ext. 1215
Fax: +62 21 5793 7373
Email: werianty@indofood.co.id