ICBP'S FINANCIAL RESULTS IN THE FIRST QUARTER 2017
28/04/2017

  • Consolidated net sales grew 6.0% to Rp9.46 trillion
  • Income from operations increased 13.9% to Rp1.52 trillion
  • income for the period attributable to equity holders of the parent entity increased 15.6% to Rp1.09 trillion
Jakarta, 28 April 2017 - PT Indofood CBP Sukses Makmur Tbk ("ICBP" or the "Company") today announced its financial results for the period ended 31 March 2017. ICBP posted 6.0% growth in consolidated net sales to Rp9.46 trillion from Rp8.92 trillion in the same period last year. The Noodles Division remained as the top contributor to net sales, delivering around 63%, followed by the Dairy, Snack Foods, Food Seasonings, Nutrition & Special Foods and Beverages Division which contributed around, 20%, 8%, 3%, 2% and 4% respectively.
Income from operations increased 13.9% to Rp1.52 trillion from Rp1.33 trillion, and operating margin expanded to 16.0% from 14.9%. Income for the period attributable to equity holders of the parent entity grew 15.6% to Rp1.09 trillion from Rp944.8 billion in the first quarter of 2016; net margin improved to 11.5% from 10.6%. In addition, core profit increased 14.4% to Rp1.11 trillion from Rp969.5 billion.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "We continue to maintain good result in challenging time. Despite lukewarm demand for fast moving consumer goods and increasing competition, we persist in delivering growth in top and bottom line in the first quarter of 2017."
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About PT Indofood CBP Sukses Makmur Tbk
ICBP is an established and one of the market leading players in the consumer branded products sector. We are engaged in diverse business categories, including noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. In addition, ICBP also operates a packaging business, producing both flexible and corrugated packaging to support our main businesses.
We provide everyday solutions for consumers of all ages across market segments, with around 40 leading product brands. Many of these brands enjoy significant market positions in Indonesia, backed by decades of trust and loyalty from millions of consumers.
Majorityt of our products are available across the archipelago. Supported by our parent company's extensive distribution network, we are able to meet the market demands in a timely and efficiently manner.
Our business operations are supported by more than 50 plants are located in key areas across Indonesia. This enables us to be closer to market demand and ensure product freshness.
Besides Indonesia, ICBP products are also present in more than 60 countries around the world.
For further information, please contact:
Gideon A. Putro
Corporate Secretary
PT Indofood CBP Sukses Makmur Tbk
Tel: +6221-5795 8822
Fax: +6221-5793 7373
Email: gideon.putro@icbp.indofood.co.id

PT Indofood CBP Sukses Makmur Tbk published this content on 28 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 April 2017 07:44:18 UTC.

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