Consumer branded products company PT Indofood CBP Sukses Makmur Tbk (ICBP) today reported a 17.27% increase in net profit in the first 3 months of this year on slightly growth in net sales.
Indofood CBP booked Rp466.44 billion net profit or Rp74 per share in 1Q 2011 from Rp397.75 billion or Rp79 per share in 1Q 2010.
Operating profit slightly grew 5.63% to Rp614.84 billion from Rp582.06 billion. Net sales lifted up 8.53% to Rp4.71 trillion from Rp4.34 trillion.
Disclosure: No position at the stock mentioned above.
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