Indofood's First Semester 2018 Financial Results
• Consolidated net sales increased to Rp36.00 trillion
• Income from operations increased to Rp4.54 trillion
• Income for the period attributable to equity holders of the parent entity was Rp1.96 trillion
Jakarta, 31 July 2018 – PT Indofood Sukses Makmur Tbk (“Indofood” or the “Company”) today announced its financial results for the period ended 30 June 2018. The Company posted 1.0% growth in consolidated net sales to Rp36.00 trillion from Rp35.65 trillion in the same period last year.
Income from operations increased 2.1% to Rp4.54 trillion from Rp4.45 trillion, and operating margin slightly expanded to 12.6% from 12.5%. Income for the period attributable to equity holders of the parent entity declined 12.7% to Rp1.96 trillion from Rp2.24 trillion in the same period last year; net income margin declined to 5.4% from 6.3%. Core profit declined 11.1% to Rp1.98 trillion from Rp2.23 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said: “Despite a lower Agribusiness performance in the first half of 2018, we are pleased that our top line continued to be positive. The festivity has supported the improvement of FMCG industry in the second quarter of 2018, which supported our CBP performance. We remain positive with the remaining year, nevertheless we will keep on to be cautious with the volatility of commodity prices and exchange rate.”
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, 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.
For further information, please contact:
PT Indofood Sukses Makmur Tbk
Tel : +6221 5795 8822
Fax: +6221 5793 7373