• Consolidated net sales increased 14% to Rp17.19 trillion
• Income from operations decreased 7% to Rp3.53 trillion
• Income for the period attributable to equity holders of the parent entity increased 12% to Rp1.94 trillion
Jakarta, 31 May 2022 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 31 March 2022. ICBP posted consolidated net sales growth of 14% to Rp17.19 trillion from Rp15.09 trillion in the same period last year.
Even though income from operations decreased 7% to Rp3.53 trillion from Rp3.82 trillion due to higher commodity prices, ICBP still booked a healthy operating margin of 20.6%% compared to 25.3% in the first quarter of 2021. Income for the period attributable to equity holders of the parent entity increased around 12% to Rp1.94 trillion from Rp1.74 trillion in the first quarter last year.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “Against the backdrop of a challenging input cost that was affected by the global economic environment, ICBP delivered a positive start in 2022. As we continued to navigate the dynamic economic and geopolitical environment, our priorities for the remainder of the year would be to sustain our performance by maintaining a balance between volume growth and profitability as well as a healthy financial position”.
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 Southeastern 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