Jakarta, 25 March 2024 – PT Indofood Sukses Makmur Tbk (“Indofood” or the “Company”) today announced its full year financial results for the year ended 31 December 2023. The Company posted 1% growth in consolidated net sales to Rp111.70 trillion from Rp110.83 trillion last year.
Indofood recorded a stable income from operations of around Rp19.66 trillion, along with healthy margin of 17.6%. Without taking into account the non-recurring items and forex, core profit, which reflects the underlying operational performance increased 8% to Rp9.78 trillion from Rp9.06 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said: “In a year marked by global economic shifts and distinct challenges, Indofood was able to post another solid performance in 2023, demonstrating its resilience. Looking ahead to 2024, we shall remain cautiously optimistic in the face of global uncertainties to pursue continued growth while carefully balancing between market share and profitability.”
- 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.
With the most extensive distribution network in Indonesia, Distribution Group distributes the majority of the consumer products manufactured by Indofood and its subsidiaries, as well as by third parties, to the market.
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