Oct 28, 2011

INDF, ICBP profits rise 3% and 18%

Indonesia's instant noodle maker PT Indofood Sukses Makmur Tbk (INDF) and its subsidiary PT Indofood CBP Sukses Makmur Tbk (ICBP) today reported a 3.11% and 18.60% increase in net profit for the first 9 months of this year (9M 2011).
INDF's net profit in 9M 2011 was Rp2.32 trillion from Rp2.25 trillion in 9M 2010, underpinned by an increase of 19.29% in net sales. Operating profit rose 11.64% to Rp5.18 trillion from Rp4.64 trillion. INDF's net sales increased 19.29% to Rp33.77 trillion from Rp28.31 trillion.
Indofood CBP recorded Rp1.53 trillion net profit in 9M 2011 from Rp1.29 trillion. Operating profit slightly increased of 2.55% to Rp2.01 trillion from Rp1.96 trillion. Net sales grew 6.48% to Rp14.45 trillion from Rp13.57 trillion.

Disclosure: No position at the stock mentioned above.

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