Jakarta, 23 March 2020 – PT Indofood Sukses Makmur Tbk (“Indofood” or the “Company”) today announced its full year financial results for the year ended 31 December 2019. The Company posted 4% growth in consolidated net sales to Rp76.59 trillion from Rp73.39 trillion last year.
Income from operations increased 8% to Rp9.83 trillion from Rp9.14 trillion with operating margin of 12.8%. Income for the year attributable to equity holders of the parent entity grew 18% to Rp4.91 trillion from Rp4.17 trillion, and net margin improved to 6.4% from 5.7%. Core profit increased 23% to Rp4.90 trillion from Rp3.99 trillion
Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said: “Indofood has shown its resilience as a Total Food Solutions Company through positive growth both in top line and bottom line despite the headwinds that arose from weak commodity prices. Going forward, we will continue to focus on bolstering competitiveness by developing strong brand equities and ensuring continuous product innovation; expanding our distribution networks; and investing in continuous productivity and efficiency enhancements.”
- 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.
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.
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