• Consolidated net sales increased to Rp73.39 trillion
Jakarta, 22 March 2019 – PT Indofood Sukses Makmur Tbk (“Indofood” or the “Company”) today announced its full year financial results for the year ended 31 December 2018. The Company posted 4.6% growth in consolidated net sales to Rp73.39 trillion from Rp70.19 trillion last year.
Income from operations rose 5.3% to Rp9.14 trillion from Rp8.68 trillion, and operating margin slightly improved to 12.5%. Income for the year attributable to equity holders of the parent entity was relatively stable at Rp4.17 trillion with net margin of 5.7%.
Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said: “2018 remained a challenging year for us with unfavorable commodity prices. Despite the challenges, Indofood has shown its resilience as evidenced by positive growth in top line and profitability. Looking ahead, we will continue to focus on our competitive strengths in capturing opportunities in domestic and export markets for sustainable growth.”
- 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.