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Indofood books 2% sales growth in first half

04 August 2020 10:09

JAKARTA - PT Indofood Sukses Makmur Tbk (INDF) has released its financial statements for the period ended June 30, 2020.

Based on the release received by IDNFinancials, INDF posted net sales of Rp 39.38 trillion in the first half of this year. This figure increased by 2% compared to the achievements in the same period last year amounting to Rp 38.61 trillion.

Anthoni Salim, President Director and Chief Executive Officer of Indofood, said: "Although the current global conditions are full of challenges, Indofood can continue to have positive performance throughout the first half of 2020. These challenging market conditions are expected to continue into the second half of the year 2020, so we will continue to maintain the continuity of supply and quality of products for consumers, as well as improve our competitiveness and maintain the health of our employees."

The company's net profit in 1H 2020 was recorded at Rp 2.84 trillion, or grew 12% from the same period last year of Rp 2.55 trillion. In addition, the net profit margin also grew to 7.2% from 6.6%. (LM)

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