Jakarta, 23 March 2021 – PT Indofood Sukses Makmur Tbk (“Indofood” or the “Company”) today announced its full year financial results for the year ended 31 December 2020. The Company posted 7% growth in consolidated net sales to Rp81.73 trillion from Rp76.59 trillion last year.
Income from operations increased 31% to Rp12.89 trillion from Rp9.83 trillion with an operating margin of 15.8%. Income for the year attributable to equity holders of the parent entity grew 32% to Rp6.46 trillion from Rp4.91 trillion, and net margin improved to 7.9% from 6.4%. Core profit increased 22% to Rp5.96 trillion from Rp4.90 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said: “Despite the dynamics in the operating environment during 2020, Indofood has been able to deliver consistent results driven by the tenacity and resilience of Indofood’s integrated business model and consumer brands. As we embark on the next growth phase, we will continue to be vigilant in safeguarding our employees, strengthen our vertically integrated business model, build on our past achievements, and evolve the organization to address new opportunities and challenges.””
- 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.
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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