• Consolidated net sales increased 16% to Rp32.59 trillion
• Income from operations decreased 8% to Rp5.88 trillion
• Core profit declined 23% to Rp3.03 trillion
Jakarta, 31 August 2022 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 30 June 2022. The Company posted a 16% increase in consolidated net sales to Rp32.59 trillion from Rp28.20 trillion in the same period last year.
ICBP recorded a healthy operating margin of 18.0%, however due to higher commodity prices income from operations decreased by 8% to Rp5.88 trillion from Rp6.36 trillion. Income for the period attributable to equity holders of the parent entity decreased around 40% to Rp1.93 trillion from Rp3.22 trillion on higher unrealized forex loss arising from financing activities. If we exclude the non-recurring items and forex, core profit declined 23% to Rp3.03 trillion from 3.95 trillion in the same period last year.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “In the midst of deteriorating global economic conditions, Indonesia’s economy performed fairly well. We will continue to focus on balancing volume growth and profitability. Our initiatives for domestic and overseas operations will include strengthening our market leadership through continuous investment in the product brands, and deepening market penetration. ICBP will also continue to improve manufacturing and production capabilities as well as maintain a healthy balance sheet 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