• Consolidated net sales increased 10% to Rp42.30 trillion
• Income from operations increased 15% to Rp7.40 trillion
• Core profit increased 22% to Rp5.16 trillion
Jakarta, 23 March 2020 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the year ended 31 December 2019. ICBP posted 10% growth in consolidated net sales to Rp42.30 trillion from Rp38.41 trillion last year.
Income from operations increased 15% to Rp7.40 trillion from Rp6.45 trillion, and operating margin expanded to 17.5% from 16.8%. Income for the year attributable to equity holders of the parent entity grew 10% to Rp5.04 trillion from Rp4.58 trillion last year; net margin stayed at 11.9%. Core profit increased 22% to Rp5.16 trillion from Rp4.22 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “We are pleased to report another year of solid growth for ICBP in 2019 on the back of a buoyant Indonesian economy, amid rising trade tensions and geopolitical uncertainties that continue to undermine global economic growth. To stay competitive in the years ahead, we will continue to strengthen our brand equity and champion product innovation, improve product availability, expand export sales and food services offerings and diversify raw material sourcing, while advancing our cost-saving initiatives.”
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