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Indofood Q1 net profit rises by 24.8%

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Image credit : Indofood

JAKARTA (TheInsiderStories) – PT Indofood Sukses Makmur Tbk posted income for the first quarter 2015 attributable to the equity holders of the parent entity of Rp1.09 trillion, increased 24.8 percent from Rp870.1 billion in the same quarter last year.

Consolidated net sales grew by 10 percent to Rp16.52 trillion in the quarter, form Rp15.02 trillion the same quarter last eyar. The company’s strategic business groups, namely Consumer Branded Products (CBP), Bogasari, Agribusiness and Distribution Group contributed 52 percent, 24 percent, 16 percent and 8 percent respectively.

Income from operations increased 7.4 eprcent to Rp1.88 trillion from Rp1.75 trillion, while operation margin slightly declined to 11.4 percent.

“We are pleased to have started the year with positive performance despite the impact of weak commodity prices. We will continue to capitalize on the strength of our business model to face challegnes and capture opportunities in 2016 to pursue sustainable growth,” Indofood President Director and CEO Anthoni Salim said.

Meanwhile, Indofood CBP Sukses Makmur, a subsidiary of Indofood Sukses Makmur posted a 12 percent growth in consolidated net sales to Rp8.92 trillion in the first quarter 2016, form Rp7.97 trillion in the same period last year. Sales contribution from Noodles, Dairy, Snack food, food seasonings, nutrition and special foods and Beverage division, were at 66 percetn, 19 percent, 6 percent, 2 percent, 2 percent and 5 percent respectively.

Operating income of Indofood CBP reached Rp1.33 trillion, up 31.9 percent from Rp1.01 trillion a year ago, while income for the period attributable to equity holders of the parent entity grew 18.6 percent to Rp944.8 billion from Rp796.8 billion in the same period last year, net margin improved to 10.6 percent from 10.0 percent. Core profit increased to 24.1 percent to Rp969.5 billion from Rp781.5 billion. (*)

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Source: The Insiderstories
Indofood Q1 net profit rises by 24.8%

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