• Consolidated net sales increased 26% to Rp42.62 trillion
• Income from operations increased 37% to Rp8.82 trillion
• Core profit increased 18% to Rp5.17 trillion
Jakarta, 30 November 2021 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 30 September 2021. The Company posted a 26% growth in consolidated net sales to Rp42.62 trillion from Rp33.90 trillion last year.
Income from operations increased 37% to Rp8.82 trillion from Rp6.42 trillion, and operating margin expanded to 20.7% from 19.0%. Income for the period attributable to equity holders of the parent entity rose by 25% to Rp4.97 trillion from Rp3.96 trillion; net margin remained stable at 11.7%. Core profit increased by 18% to Rp5.17 trillion from Rp4.40 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “Despite the challenging global market conditions and rising commodity prices, ICBP delivered a strong performance in the first nine months of this year. Supported by the hard work of our people and the strength of our integrated business model, we remain positive that we can weather challenges and sustain our performance”.
About PT Indofood CBP Sukses Makmur Tbk
ICBP is one of the established and 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. ICBP also operates a packaging business, producing flexible and corrugated packaging for our products.
We provide everyday solutions for consumers of all ages across market segments, with more than 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.
ICBP’s business operations are supported by more than 60 plants located in key areas across Indonesia, enabling us to stay closer to our customers and ensure product freshness and availability. Most of our products are easily available in general and modern trade across the archipelago. We are fully supported by Indofood’s extensive distribution network in Indonesia to meet consumer demands in a timely and efficient manner.
Besides Indonesia, ICBP also exports its products worldwide. As part of our core business expansion strategy, ICBP acquired Pinehill Company Limited, an instant noodle producer with more than 20 manufacturing facilities in Africa, Middle East and South Eastern Europe, making ICBP one of the world’s largest instant noodle producers with a strong market share globally.
For further information, please contact:
Gideon A. Putro
PT Indofood CBP Sukses Makmur Tbk
Tel: +6221-5795 8822
Fax: +6221-5793 7373