• Consolidated net sales increased 1% to Rp30.79 trillion

• Income from operations increased 29% to Rp6.42 trillion

• Core profit grew 10% to Rp3.20 trillion

 

Income from operations increased 29% to Rp6.42 trillion from Rp4.97 trillion, and operating margin improved to 20.8% from 16.3% last year. Core profit, which reflects the underlying operational performance, grew 10% to Rp3.20 trillion from Rp2.90 trillion in the same period last year.

 

Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said: “In the continuing global challenges, Indofood has posted a positive operational performance in the first quarter of 2024. Moving forward, we will continue to be agile in managing uncertainties, while maintaining a strong balance sheet and balancing between market share and profitability.”

 

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Indofood is 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. It is renowned as a well-established company and a leading player in many business categories 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”)

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, nutrition and special foods, and beverages.

 

• Bogasari
The Group is primarily a producer of wheat flour as well as pasta, with business operations supported by its own shipping and packaging units.

 

• Agribusiness

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 sugar cane, rubber and other crops.

 

• Distribution

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.

 

For further information, please contact:

Victor Suhendra

Corporate Secretary

PT Indofood Sukses Makmur Tbk

Tel : +6221 5795 8822

Fax: +6221 5793 7373

Email: victor.suhendra@indofood.co.id