Indofood Owned By Conglomerate Anthony Salim Raised Sales Of IDR 27.45 Trillion And Profit Of IDR 2.36 Trillion In The First Quarter Of 2022

Illustration. (Photo: Doc. Antara)

JAKARTA - The company owned by conglomerate Anthony Salim, PT Indofood Sukses Makmur Tbk (INDF) posted a 12 percent increase in consolidated net sales to Rp27.45 trillion in the first quarter of 2022 compared to Rp24.55 trillion in the same period last year.

Meanwhile, operating profit rose 6 percent to Rp5.20 trillion from Rp4.91 trillion, and operating profit margin fell to 19.0 percent from 20.0 percent. Then, profit for the period attributable to owners of the parent company grew 36 percent to Rp2.36 trillion from Rp1.73 trillion, and net profit margin increased to 8.6 percent from 7.0 percent.

Indofood's President Director and Chief Executive Officer Anthony Salim said, amid the uncertainty of the current global conditions, Indofood managed to record a positive performance in the first quarter of 2022.

"Going forward, we will continue our efforts to maintain Indofood's performance in the domestic and overseas markets by maintaining a balance between market share and profitability, increasing productivity and operational efficiency, and staying alert to developments in the situation," he said in an official statement, Tuesday, May 31. .

Meanwhile, PT Indofood CBP Sukses Makmur Tbk (ICBP) recorded a consolidated net sales growth of 14 percent to Rp17.19 trillion from Rp15.09 trillion in the same period last year.

Even though operating profit fell 7 percent to Rp3.53 trillion from Rp3.82 trillion due to rising prices of various commodities, ICBP still posted a healthy operating profit margin of 20.6 percent compared to 25.3 percent in the first quarter of 2021.

As a result, profit for the period attributable to owners of the parent company increased by around 12 percent to Rp1.94 trillion from Rp1.74 trillion in the first quarter of last year.

Anthony Salim said, despite being faced with various challenges related to rising raw material prices as a result of the global economic situation, ICBP started 2022 with a positive performance.

"Along with our efforts to deal with the dynamics of the current economic and geopolitical conditions, our priority this year is to continue to provide good performance by maintaining a balance between sales volume growth and profitability as well as a healthy financial position," said Anthony Salim.