• Consolidated net sales grew 13.7% to Rp22.13 trillion
• Income from operations increased 17.7% to Rp3.85 trillion
• Income for the period attributable to the equity holders of the parent entity increased 12.4% to Rp2.57 trillion
Jakarta, 31 July 2019 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 30 June 2019. ICBP posted 13.7% growth in consolidated net sales to Rp22.13 trillion from Rp19.46 trillion in the same period last year.
Income from operations increased 17.7% to Rp3.85 trillion from Rp3.27 trillion, and operating margin increased to 17.4%. Income for the period attributable to equity holders of the parent entity grew 12.4% to Rp2.57 trillion from Rp2.29 trillion in the same period last year and net margin was relatively stable at around 11.6%.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “We are encouraged that ICBP posted good results in the first half of 2019 with double-digit growth in both top and bottom line. As we look towards the second half of 2019, we expect market conditions will continue to be challenging. Nevertheless, we will remain focused on the execution of our strategies to sustain growth, and better position ICBP to face the challenges ahead.”
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