Indofood CBP Sukses Makmur Tbk PT : ICBP's Performance in The Full Year 2018 Financial Results
March 22, 2019 at 08:25 am
Share
Consolidated net sales grew 7.9% to Rp38.41 trillion
Income from operations increased 23.5% to Rp6.45 trillion
Earnings per Share ("EPS") increased 20.2% tp Rp392
Jakarta, 22 March 2019 - PT Indofood CBP Sukses Makmur Tbk ("ICBP" or the "Company") today announced its financial results for the year ended 31 December 2018. ICBP posted 7.9% growth in consolidated net sales to Rp38.41 trillion from Rp35.61 trillion last year.
Income from operations increased 23.5% to Rp6.45 trillion from Rp5.22 trillion, and operating margin grew to 16.8% from 14.7%. Income for the year attributable to equity holders of the parent entity rose 20.5% to Rp4.58 trillion from Rp3.80 trillion last year; net margin expanded 120bps to 11.9%.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "Although there were no significant improvements in the FMCG demand, ICBP achieved a commendable performance, delivering strong EPS growth. Entering into 2019, Indonesia FMCG market is expected to grow alongside with the economic growth while competition will remain tough. We will continue our journey ahead focusing for growth by strengthening our market presence, building up our brands that resonate with consumers and improving our competitiveness".
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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.
Majority 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 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
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PT Indofood CBP Sukses Makmur Tbk published this content on 22 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 March 2019 08:24:09 UTC
PT Indofood CBP Sukses Makmur Tbk is an Indonesia-based consumer goods company. It offers a range of product categories, including noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. It also operates a packaging business that produces flexible and corrugated packaging for its products. Its Noodles Division is an instant noodles manufacturer. It operates about 30 noodle factories across Indonesia, Malaysia, Africa, the Middle East and Southeastern Europe. The Dairy Division has a range of products, including ultra-high temperature (UHT) milk, sterilized bottled milk, sterilized can milk, evaporated milk, pasteurized liquid milk, multi-cereal milk and others. The Snack Foods Division offers snacks made from potato, cassava, corn, and soybean, as well as extruded snacks. The Beverages Division produces a range of beverage products, including RTD tea, packaged water and fruit-flavored drinks marketed under the brands Ichi Ocha, Club and Fruitamin.