Jakarta, 22 May 2020 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 31 March 2020. ICBP posted consolidated net sales growth of 7% to Rp12.01 trillion from Rp11.26 trillion in the same period last year. 

 

Income from operations grew 43% to Rp2.80 trillion from Rp1.96 trillion, and operating margin was expanded to 23.3% from 17.4%. Income for the period attributable to equity holders of the parent entity increased around 48% to Rp1.98 trillion from Rp1.34 trillion in the first quarter last year and net margin was at 16.5%. Core profit increased 15% to Rp1.57 trillion from Rp1.37 trillion.

 

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “In the midst of global uncertainties, ICBP remained resilient and recorded top and bottom line growth in the first quarter of 2020. We will continue to monitor and adapt to the evolving situations, whilst managing our business prudently and staying competitive in the industry.” 

 

 

---End---

 

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

Corporate Secretary

PT Indofood CBP Sukses Makmur Tbk

Tel: +6221-5795 8822 

Fax: +6221-5793 7373

Email: gideon.putro@icbp.indofood.co.id