Aug 24, 2011

Indofood Sukses 1H profit rises 12.05%

Instant noodle maker PT Indofood Sukses Makmur Tbk (INDF) today reports a 12.05% increase in attributable profit on the back of higher sales.
In the financial statement published today, Indofood recorded Rp1.58 trillion profit in 1H 2011 from Rp1.41 trillion.
Net sales rose 20.53% to Rp21.84 trillion from Rp18.12 trillion, while operating profit increased 16.78% to Rp3.48 trillion from Rp2.98 trillion.
PT Indofood CBP Sukses Makmur Tbk (ICBP) also reported a 23.72% increase in attributable profit to Rp989.99 billion from Rp800.19 billion.

Disclosure: No position at the stock mentioned above.

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