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Indofood sales grew 27% in first quarter

30 June 2021 19:13

JAKARTA - PT Indofood Sukses Makmur Tbk (INDF) today announced its financial performance for the period ended March 31, 2021. The Company posted a 27% increase in consolidated net sales to Rp24.55 trillion compared to Rp19.30 trillion last year.

Operating profit increased 43% to Rp4.91 trillion from Rp3.43 trillion, and operating profit margin increased to 20.0% from 17.8%.

Profit for the period attributable to owners of the parent company grew 23% to Rp1.73 trillion from Rp1.40 trillion, and net profit margin slightly decreased to 7.0% from 7.3%. Core profit increased 50% to Rp2.29 trillion from Rp1.52 trillion.

Anthoni Salim, President Director and Chief Executive Officer of Indofood, said: “In the midst of these challenging and uncertain conditions, Indofood was able to maintain a positive performance in the first quarter of 2021. Going forward, we will remain vigilant in protecting our employees and continue to create business growth and improve our competitiveness.” (LM)

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