- Consolidated net sales grew 3,6% to Rp27.43 trillion
- Income from operations increased 4.8% to Rp4.16 trillion
- Income for the period attributable to equity holders of the parent entity increased 7.4% to Rp3.04 trillion
Jakarta, 31 October 2017 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 30 September 2017. ICBP posted 3.6% growth in consolidated net sales to Rp27.43 trillion from Rp26.47 trillion in the same period last year. The Noodles Division remained as the top contributor to net sales, delivering around 63%, followed by the Dairy, Snack Foods, Food Seasonings, Nutrition & Special Foods and Beverages Division which contributed around 20%, 7%, 3%, 2% and 5% respectively.
Income from operations increased 4.8% to Rp4.16 trillion from Rp3.97 trillion, and operating margin slightly increased to 15.2% from 15.0%. Income for the period attributable to equity holders of the parent entity grew 7.4% to Rp3.04 trillion from Rp2.83 trillion in the same period last year; net margin improved to 11.1% from 10.7%. In addition, core profit increased 4.0% to Rp3.04 trillion from Rp2.92 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “Market condition has not improved significantly in the third quarter. Demand across key fast moving consumer goods categories is still very modest, while competitive environment is more challenging. We are pleased that we deliver top and bottom line growth as we continue to expand and deepen our distribution penetration as well as manage our costs prudently.”
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 business.
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 most 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