Jakarta, 31 October 2018 – PT Indofood Sukses Makmur Tbk (“Indofood” or the “Company”) today announced its financial results for the period ended 30 September 2018. The Company posted 3.1% growth in consolidated net sales to Rp54.74 trillion from Rp53.12 trillion in the same period last year.
Income from operations increased 1.4% to Rp6.79 trillion from Rp6.70 trillion, and operating margin slightly declined to 12.4% from 12.6%. Income for the period attributable to equity holders of the parent entity declined 13.6% to Rp2.82 trillion from Rp3.26 trillion in the same period last year; net income margin declined to 5.2% from 6.1%. Core profit declined 9.8% to Rp2.93 trillion from Rp3.25 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said “CPO price remains to be a challenge to our overall performance. On a positive note, we managed to record top line growth in the nine months period of this year with notable acknowledgement to the solid performance of CBP Group.”
- Consumer Branded Products (“CBP”)
Supported by the strength of its product brands, the Group produces a diverse range of consumer branded products including noodles, dairy, snack foods, food seasonings, nutritional and specialty foods, and beverages.
The Group is primarily a producer of wheat flour as well as pasta, with business operations supported by its own shipping and packaging units.
The Group’s principal activities range from research and development, seed breeding, oil palm cultivation and milling, to the production and marketing of branded cooking oils, margarine and shortening. The Group also cultivates and processes rubber, sugar cane and other crops.
With the most extensive distribution network in Indonesia, the Group distributes the majority of the consumer products manufactured by Indofood and its subsidiaries, as well as by third parties, to the market.