Indofood recorded sales of Rp 19.30 trillion in Q1 2020
JAKARTA - PT Indofood Sukses Makmur Tbk (INDF) recorded sales of Rp 19.30 trillion in the first quarter of 2020, 1% higher than its record in Q1 2019 of Rp 19.17 trillion. The growth also helped boost the company's operating profit and net profit in the first quarter of this year despite the COVID-19 pandemic.
Anthoni Salim, President Director and Chief Executive Officer (CEO) of PT Indofood Sukses Makmur Tbk (INDF) said that Indofood managed to maintain its good performance in the first quarter of 2020 amid the current global challenges. "Going forward, we will remain vigilant and continue to improve
our competitiveness, "he said in a press release published on Friday (22/5).
In the first quarter of 2020, INDF recorded a 33% growth in its operating profit to Rp 3.43 trillion, and its operating profit margin increased to 17.8%. Profit attributable to parent grew by 4% to Rp 1.40 trillion. (LK/AR)