Jakarta, 30 April 2018 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 31 March 2018. ICBP posted consolidated net sales growth of 4.5% to Rp9.88 trillion from Rp9.46 trillion in the same period last year. The Noodles Division remained as the top contributor to net sales, delivering around 65%, followed by the Dairy, Snack Foods, Food Seasonings, Nutrition & Special Foods and Beverages Division which contributed around 19%, 7%, 3%, 2% and 4% respectively.
Income from operations grew 13.1% to Rp1.72 trillion from Rp1.52 trillion, and operating margin expanded to 17.4% from 16.0%. Income for the period attributable to equity holders of the parent entity increased 11.1% to Rp1.21 trillion from Rp1.09 trillion in the first quarter of 2017; net margin improved to 12.3% from 11.5%. Core profit increased 8.0% to Rp1.20 trillion from Rp1.11 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “We are pleased to achieve good results in the first quarter, despite the lukewarm demand for FMCG products. We maintain our optimism that market conditions will improve over the next few quarters; hence deliver sustainable growth”.
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