• Consolidated net sales increased 26% to Rp15.09 trillion
• Income from operations increased 36% to Rp3.82 trillion
• Core profit increased 54% to Rp2.41 trillion
Jakarta, 30 June 2021 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 31 March 2021. ICBP posted consolidated net sales growth of 26% to Rp15.09 trillion from Rp12.01 trillion in the same period last year.
Income from operations grew 36% to Rp3.82 trillion from Rp2.80 trillion, and operating margin expanded to 25.3% from 23.3%. Income for the period attributable to equity holders of the parent entity decreased around 12% to Rp1.74 trillion from Rp1.98 trillion in the first quarter last year. Without taking into account non-recurring items and unrealized difference in foreign exchange rate, core profit, which reflects the underlying operational performance, increased 54% to Rp2.41 trillion from Rp1.57 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “We have experienced over one year of the pandemic that has impacted our market environment. Nevertheless, we are pleased that ICBP has made a good start in 2021. We will remain focused on maintaining our competitiveness, and further strengthening consumer loyalty to our product brands, both in domestic and overseas market, whilst providing a safe working environment for our people.”
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 South Eastern 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