- Consolidated net sales increased 13.9% to Rp11.26 trillion
- Income from operations increased 14.0% tp Rp1.96 trillion
- Income for the period attributable to equity holders of the parent entity increased 10.2% to Rp1.34 trillion
Jakarta, 30 April 2019 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 31 March 2019. ICBP posted consolidated net sales growth of 13.9% to Rp11.26 trillion from Rp9.88 trillion in the same period last year.
Income from operations grew 14.0% to Rp1.96 trillion from Rp1.72 trillion, and operating margin was stable at 17.4%. Income for the period attributable to equity holders of the parent entity increased 10.2% to Rp1.34 trillion from Rp1.21 trillion in the first quarter of 2018 and net margin was at 11.9%.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “In general, market conditions remains challenging for us. With our continuous efforts to penetrate the market and implement integrated marketing strategy, ICBP delivered a good performance in the first quarter of 2019. Going forward, we will continue to execute our strategies and initiatives while constantly driving efficiencies in order to achieve our objective, to sustain our growth”.
About PT Indofood CBP Sukses Makmur Tbk
ICBP is an established and one of the market leading players in the consumer branded products sector. We are engaged in diverse business categories, including noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. In addition, ICBP also operates a packaging business, producing both flexible and corrugated packaging to support our main businesses.
We provide everyday solutions for consumers of all ages across market segments, with around 40 leading product brands. Many of these brands enjoy significant market positions in Indonesia, backed by decades of trust and loyalty from millions of consumers.
Majority of our products are available across the archipelago. Supported by our parent company’s extensive distribution network, we are able to meet the market demands in a timely and efficiently manner.
Our business operations are supported by more than 50 plants located in key areas across Indonesia. This enables us to be closer to market demand and ensure product freshness.
Besides Indonesia, ICBP products are also present in more than 60 countries around the world.
For further information, please contact:
Gideon A. Putro
PT Indofood CBP Sukses Makmur Tbk
Tel: +6221-5795 8822
Fax: +6221-5793 7373