Jakarta, 27 March 2023 – PT Indofood Sukses Makmur Tbk (“Indofood” or the “Company”) today announced its full year financial results for the year ended 31 December 2022. The Company posted 12% growth in consolidated net sales to Rp110.83 trillion from Rp99.35 trillion last year.
Income from operations increased 16% to Rp19.69 trillion from Rp16.91 trillion, and operating margin expanded to 17.8% from 17.0%. Core profit which reflects the underlying operational performance increased 12% to Rp9.06 trillion from Rp8.07 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said: “2022 has been undeniably challenging, with rising geopolitical tension, high inflation and escalating commodity prices headlining the market uncertainties. Nonetheless, Indofood ended FY2022 on a positive note supported by our resilient business model. For the year ahead, our growth strategy will be to continue to balance our market share with profitability and maintaining a healthy balance sheet.”
- 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, Distribution 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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