The Consumer Branded Product (“CBP”) Group, which consists of Noodles, Dairy, Food Seasonings, Snack Foods, Nutrition & Special Foods Divisions, contributed 46% of consolidated net sales, an increase from 43% in the same quarter last year, partly driven by the increase in sales volume across the divisions.

 

Contribution from Bogasari Group declined to 25% to consolidated net sales from 31% in the same quarter last year due to the decline in sales value as a result of lower flour price in conjunction with lower wheat price. Contribution from Agribusiness Group increased to 20% from 19% mainly due to higher commodity price particularly CPO and rubber. Contribution from Distribution Group also increased to 9% from 7% mainly driven by higher sales volume. 

 

Gross profit increased 25.0% to Rp2.80 trillion from Rp2.24 trillion, as a result of increases in sales volume and lower input costs. In line with the growth in the gross profit, operating profit increased 25.2% to Rp1.41 trillion from Rp1.13 trillion. Gross margin and operating margin improved to 30.0% and 15.2%, respectively. Net income increased 472.1% to Rp631.9 billion from Rp110.4 billion mainly driven by the strength in the operational performance as reflected in the increase of Core profit to Rp573.1 billion from Rp368.5 billion in same quarter last year. 

 

Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said: “We are very pleased that we started the year with robust performance. Our initiatives in continuing to invest in our brand equity and to improve our operations, combined with the strong domestic economy have contributed to our exemplary results. We will continue to leverage on our strengths and improve on our weaknesses to further boost our performance.”

 

 

 

PT Indofood Sukses Makmur Tbk (“Indofood”) (IDX: INDF) is a leading processed food company in Indonesia. Indofood provides total food solutions through its four strategic business groups: consumer branded products (CBP), Bogasari (flour producer), agribusiness, and distribution. Indofood’s strongest legacy today is the strength of its brands, many of which have been companions to the people of Indonesia for nearly two decades. These include a variety of brands of instant noodles (Indomie, Supermi and Sarimi), dairy (Indomilk), wheat flour (Segitiga Biru, Kunci Biru and Cakra Kembar), cooking oils (Bimoli), margarine (Simas Palmia) and shortenings (Palmia). The acquisition of Indolakto, one of the leading processed milk producers (Indomilk) has positioned Indofood as the Progressive Total Food Solutions company. Indofood brands continue to be the market leaders in their specific segments with a reputation for quality and value for money that remains unrivalled.

 

Werianty Setiawan

Director & Corporate Secretary 

Tel: +62 21 5795 8822 ext. 1215

Email: werianty@indofood.co.id