Indofood Financial Results For the Period Ended 30 September 2023
• Consolidated net sales increased 4% to Rp83.89 trillion
• Income from operations was relatively stable at around Rp14.22 trillion
• Core profit increased 9% to Rp7.07 trillion
Jakarta, 31 October 2023
– PT Indofood Sukses Makmur Tbk (“Indofood” or the “Company”) today announced its financial results for the period ended 30 September 2023. The Company posted a 4% growth in consolidated net sales to Rp83.89 trillion.
Income from operations was relatively stable at around Rp14.22 trillion, and operating margin remained healthy at 17.0%. Core profit, which reflects the underlying operating performance of the Company, increased 9% to Rp7.07 trillion from Rp6.49 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said: “Indofood has been able to maintain its positive performance for the first nine months of this year despite the continued market volatility and uncertainty. We remain cautiously optimistic for the remainder of the year and will continue to maintain the balance of our market share with profitability as well as maintain a healthy balance sheet.”
About PT Indofood Sukses Makmur Tbk
Indofood is 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. 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, 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 sugar cane, rubber 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