Income from operations increased 17% to Rp5.63 trillion from Rp4.79 trillion, and operating margin increased to 14.3% from 12.4%. Income for the period attributable to equity holders of the parent entity grew 12% to Rp2.84 trillion from Rp2.55 trillion, and net margin improved to 7.2% from 6.6%. Core profit increased 18% to Rp2.87 trillion from Rp2.42 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said: “Despite the current challenging global situation, Indofood was able to continue delivering positive results in the first semester of 2020. We expect the market situation will remain challenging for the second half of the year, therefore we will keep maintaining the supply and quality of our products delivered to consumers, whilst enhancing our competitiveness and safeguarding our people.”
Over the last two decades, Indofood has progressively transformed into a Total Food Solutions company with operations in all stages of food manufacturing, from the production of raw materials and their processing, to consumer products in the market. Today, it is renowned as a well-established company and a leading player in each business category in which it operates. In its business operations, Indofood capitalizes on economies of scale and a resilient business model with four complementary Strategic Business Groups (“Group”), namely:
- Consumer Branded Products (“CBP”)
- Bogasari
- Agribusiness
- Distribution
Supported by the strength of its product brands, the Group produces a diverse range of consumer branded products including noodles, dairy, snack foods, food seasonings, nutritional and specialty foods, and beverages.
The Group is primarily a producer of wheat flour as well as pasta, with business operations supported by its own shipping and packaging units.
The Group’s principal activities range from research and development, seed breeding, oil palm cultivation and milling, to the production and marketing of branded cooking oils, margarine and shortening. The Group also cultivates and processes rubber, sugar cane and other crops.
With the most extensive distribution network in Indonesia, the Group distributes the majority of the consumer products manufactured by Indofood and its subsidiaries, as well as by third parties, to the market.
