Instant noodle maker PT Indofood Sukses Makmur Tbk (INDF) reported a 4.2% increase in net profit last year to Rp3.08 trillion or Rp350 a share from Rp2.07 trillion or Rp336 a share.
In a financial statement filed to Indonesia Stock Exchange yesterday, the profit was underpinned by a 18% increase in consolidated net sales.
Indofood booked Rp45.33 trillion net sales last year from Rp38.40 trillion a year earlier.President Director Anthony Salim said consumber branded products, Bogasari flour mills, agribusiness, and distribution segment recorded sales growth, driven by higher sales volume and average selling price.
In line with the parent's performance increase, PT Indofood CBP Sukses Makmur Tbk (ICBP) recorded a 15.9% increase in net profit to Rp1.98 trillion from Rp1.70 trillion. ICBP's net sales slightly increased 7.8% to Rp19.37 trillion from Rp17.96 trillion.
Disclosure: No position at the stock mentioned above.
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