• Consolidated net sales grew 11.2% to Rp32.79 trillion
• Income from operations increased 16.7% to Rp5.81 trillion
• IIncome for the period attributable to equity holders of the parent entity increased 11.5% to Rp3.89 trillion
Jakarta, 31 October 2019 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 30 September 2019. ICBP posted 11.2% growth in consolidated net sales to Rp32.79 trillion from Rp29.48 trillion in the same period last year.
Income from operations increased 16.7% to Rp5.81 trillion from Rp4.97 trillion, and operating margin grew to 17.7% from 16.9%. Income for the period attributable to equity holders of the parent entity rose 11.5% to Rp3.89 trillion from Rp3.48 trillion in the same period last year; net margin stable at around 11.8%.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “By focusing on our strategies to continuously improve distribution penetration and market position, we sustained our performance in the nine months period of this year. ICBP delivered double digit top line growth which carried through to our bottom line. Going forward, we will continue to be watchful of the evolving global and domestic macroeconomic conditions and keep adapting dynamically.”
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