• Consolidated net sales increased 4% to Rp19.92 trillion
• Income from operations increased 23% to Rp4.92 trillion
• Core profit increased 13% to Rp3.24 trillion
Jakarta, 30 April 2024 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 31 March 2024. ICBP posted consolidated net sales growth of 4% to Rp19.92 trillion from Rp19.14 trillion in the same period last year.
me from operations increased 23% to Rp4.92 trillion from Rp3.99 trillion and operating margin improved to 24.7% compared to 20.9% in the first quarter of 2023. Core profit, which reflects the underlying operating performance of the Company, increased 13% to Rp3.24 trillion from Rp2.87 trillion in the first quarter last year.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “Amidst ongoing global challenges, we started 2024 with a solid performance. We will continuously review and adapt our strategies and initiatives to address the global market dynamics in order to maintain our competitive edge and drive organic growth, both domestically and internationally.”
About PT Indofood CBP Sukses Makmur Tbk
PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) 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 production 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
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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