• Consolidated net sales increased 15% to Rp48.91 trillion
• Income from operations increased 8% to Rp9.55 trillion
• Core profit remained stable at Rp5.15 trillion
Jakarta, 30 November 2022 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 30 September 2022. The Company posted a 15% growth in consolidated net sales to Rp48.91 trillion from Rp42.62 trillion in the same period last year.
ICBP recorded an 8% growth in income from operations to Rp9.55 trillion from Rp8.82 trillion and a healthy margin of 19.5%. Without taking into account the non-recurring items and forex, core profit, which reflects the underlying operational performance remained stable at Rp5.15 trillion compared to Rp5.17 trillion in the same period last year.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “With a continuous focus on balancing volume growth and profitability, we were able to maintain positive performance in the nine months period of 2022. Both sales and operating profit grew by 15% and 8% respectively despite weaker global economic conditions and a volatile cost environment. We will continue to execute our strategies whilst recognizing the need to stay agile to navigate these challenges.”
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