• Consolidated net sales increased 10% to Rp46.64 trillion
• Income from operations increased 24% to Rp9.20 trillion
• Core profit increased 13% to Rp5.82 trillion
Jakarta, 23 March 2021 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the year ended 31 December 2020. ICBP posted 10% growth in consolidated net sales to Rp46.64 trillion from Rp42.30 trillion last year.
Income from operations increased 24% to Rp9.20 trillion from Rp7.40 trillion, and operating margin expanded to 19.7% from 17.5%. Income for the year attributable to equity holders of the parent entity grew 31% to Rp6.59 trillion from Rp5.04 trillion last year; net margin improved to 14.1% from 11.9%. Core profit increased 13% to Rp5.82 trillion from Rp5.16 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “Supported by our strong product brands, resilient integrated business model and robust distribution networks; even though in the middle of pandemic, ICBP still continued to deliver a good performance by dynamically adapting to rapidly changing trends and consumer behaviors. As we brace for new challenges and opportunities in the year ahead, we will maintain our competitiveness, while staying vigilant in safeguarding our employees.””
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, such as noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. We also operate 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 30 leading product brands. Many of these brands enjoy significant market positions in Indonesia, backed by decades of trust and loyalty from millions of consumers.
Most of our products are available across the archipelago. Supported by our parent company’s extensive distribution network, we are able to meet the market demand in a timely and efficient manner.
Our business operations are supported by more than 60 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