• Consolidated net sales increased 7% to Rp36.96 trillion
• Income from operations increased 25% to Rp8.89 trillion
• Core profit grew 20% to Rp5.62 trillion
Jakarta, 31 July 2024 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 30 June 2024. The Company posted a 7% increase in consolidated net sales to Rp36.96 trillion from Rp34.48 trillion in the same period last year.
Income from operations increased 25% to Rp8.89 trillion from Rp7.10 trillion in the first semester last year and operating margin improved to 24.1% from 20.6%. Core profit, which reflects the underlying operating performance of the Company, increased 20% to Rp5.62 trillion from Rp4.68 trillion in the same period last year.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “We are pleased with our results for the first half of 2024. Amid global uncertainties, all of our business segments delivered sales and income from operations growth. Looking forward, we will focus on leveraging on the resilience of our business model to drive performance and maintain competitiveness for sustainable growth”.
About PT Indofood CBP Sukses Makmur Tbk
PT Indofood CBP Sukses Makmur Tbk (“ICBP”) is one of 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. We leverage on the extensive distribution network of PT Indofood Sukses Makmur Tbk to meet consumer demands across the archipelago, and to ensure product availability across all sales channels in a timely and efficient manner.
We have more than 20 instant noodles production facilities in Malaysia, the Middle East, Africa 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
Corporate Secretary
PT Indofood CBP Sukses Makmur Tbk
Tel: +6221-5795 8822
Fax: +6221-5793 7373
Email: gideon.putro@icbp.indofood.co.id
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