Indofood Financial Results for The Period Ended 30 June 2019
• Consolidated net sales increased 7.2% to Rp38.61 trillion
• Income from operations increased 5.5% to Rp4.79 trillion
• Income for the period attributable to equity holders of the parent entity increased 30.1% to Rp2.55 trillion
Jakarta, 31 July 2019 – PT Indofood Sukses Makmur Tbk (“Indofood” or the “Company”) today announced its financial results for the period ended 30 June 2019. Consolidated net sales increased 7.2% to Rp38.61 trillion from Rp36.00 trillion in the same period last year.
Income from operations increased 5.5% to Rp4.79 trillion with operating margin of 12.4%. Income for the period attributable to the equity holders of the parent entity grew by 30.1% to Rp2.55 trillion from Rp1.96 trillion and net margin improved to 6.6% from 5.4%.
Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said: "We are pleased to continue delivering strong results in the first semester of 2019, where CBP has performed well, including in the recent festive season. Despite constant challenge of lower CPO prices that has put pressure on our Agribusiness performance, we are still confident with the outlook for the remainder of the year by maintaining our competitive advantages through greater productivity and cost control.”
About PT Indofood Sukses Makmur Tbk
Over the last two decades, Indofood has progressively transformed into a Total Food Solutions company with operations in all stages of food manufacturing, from the production of raw materials and their processing, to consumer products in the market. Today, it is renowned as a well-established company and a leading player in each business category in which it operates. In its business operations, Indofood capitalizes on economies of scale and a resilient business model with four complementary Strategic Business Groups (“Group”), namely:
- 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 products, snack foods, food seasonings, nutrition and special 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.
For further information, please contact:
PT Indofood Sukses Makmur Tbk
Tel : +6221 5795 8822
Fax: +6221 5793 7373