• Consolidated net sales increased 6% to Rp34.48 trillion
• Income from operations increased 21% to Rp7.10 trillion
• Core profit grew 54% to Rp4.68 trillion
Jakarta, 31 July 2023 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 30 June 2023. The Company posted a 6% increase in consolidated net sales to Rp34.48 trillion from Rp32.59 trillion in the same period last year.
Income from operations increased 21% to Rp7.10 trillion from Rp5.88 trillion in the first semester last year and operating margin remained healthy at 20.6%. Core profit, which reflects the underlying operating performance of the Company, increased 54% to Rp4.68 trillion from Rp3.03 trillion in the same period last year.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “We are encouraged by the results we achieved in the first half of 2023. Going forward, we will remain cautious, and continuously adapt our strategies and initiatives to address the uncertainty in the global economy and market conditions, to deliver a sustainable performance with a healthy balance sheet”.
About PT Indofood CBP Sukses Makmur Tbk
PT Indofood CBP Sukses Makmur Tbk (“ICBP”) is among the most established leading players in the consumer branded products sector. We are engaged in a wide range of product categories, including noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. We also operate a packaging business that produces flexible and corrugated packaging for our products.
We provide everyday food and beverage solutions for consumers of all ages across market segments, with more than 30 leading product brands. Many of these brands enjoy significant market shares in Indonesia, backed by decades of deep consumer trust and loyalty. In particular, Indomie, our flagship brand for instant noodles, has grown to become an international brand with strong market leadership extending beyond Indonesia.
Our business operations are supported by 60 plants located in key areas across Indonesia, enabling us to stay close to our customers and ensure product freshness and availability in all sales channels. We are fully supported by PT Indofood Sukses Makmur Tbk extensive distribution network across the archipelago to meet consumer demands in a timely and efficient manner.
We have more than 20 manufacturing facilities in Malaysia, Africa, the Middle East and Southeastern Europe serving the overseas markets, making ICBP one of the largest instant noodle producers in the world. In addition, we also export many of our products from Indonesia, making them present in more than 100 countries globally.
For further information, please contact:
Gideon A. Putro
PT Indofood CBP Sukses Makmur Tbk
Tel: +6221-5795 8822
Fax: +6221-5793 7373