Indofood Records Consolidated Net Sales of IDR 111.70 Trillion

JAKARTA – PT Indofood Sukses Makmur Tbk (INDF) recorded consolidated net sales growth of IDR 111.70 trillion or an increase of 1 percent compared to last year's IDR 110.83 trillion.

President Director and Chief Executive Officer of Indofood, Anthoni Salim, said that the company has again demonstrated its resilience by achieving solid financial performance in 2023, even though it is faced with global economic conditions which are full of changes and challenges.

"Entering 2024, we remain optimistic but remain cautious in facing conditions of global uncertainty and continue to strive to achieve sustainable growth and maintain a balance between market share and profitability," he explained in his official statement, Monday, March 25, 2024.

Apart from that, in line with sales performance, Indofood recorded relatively stable operating profits in the range of IDR 19.66 trillion with a healthy operating profit margin of 17.6 percent.

By not taking into account non-recurring accounts and exchange rate differences, core profit, which reflects operational performance, increased 8 percent to IDR 9.78 trillion from IDR 9.06 trillion.