Indofood Earns IDR 7.64 Trillion Net Profit In 2021, Conglomerate Anthony Salim Unveils Several Plans For Business Sustainability

Conglomerate Anthony Salim. (Photo: Doc. Forbes)

JAKARTA - PT Indofood Sukses Makmur Tbk (INDF) earned a net profit of IDR 7.64 trillion throughout 2021. This record is up 18 percent from the previous year's profit of IDR 6.46 trillion.

The company's profit achievement cannot be separated from the increase in consolidated net sales which reached IDR 99.35 trillion, or up 22 percent from IDR 81.73 trillion in 2020.

This pushed operating profit to increase by 31 percent to IDR 16.88 trillion from IDR 12.89 trillion, and operating profit margin to increase to 17.0 percent from 15.8 percent.

Indofood's net profit margin reached 7.7 percent compared to 7.9 percent in 2020. And core profit increased 35 percent to IDR 8.05 trillion from IDR 5.96 trillion.

Indofood President Director and Chief Executive Officer Anthony Salim said, in the midst of sustainable global challenges, Indofood has been able to record positive growth.

"Our focus going forward is to maintain Indofood's performance in the domestic and international markets by maintaining a balance between market share and profitability, as well as increasing productivity and operational efficiency, including maintaining the health of our employees," said Anthony in a statement, Thursday, March 31.

On the same occasion, Indofood's business entity, PT Indofood CBP Sukses Makmur Tbk (ICBP) also recorded good performance growth. Until the end of 2021, the company recorded a consolidated net sales growth of 22 percent to IDR 56.80 trillion from IDR 46.64 trillion in 2020.

From that note, the company's operating profit rose 27 percent to IDR 11.66 trillion from IDR 9.20 trillion, and the operating profit margin rose to 20.5 percent from 19.7 percent.

Unfortunately, profit for the year attributable to owners of the parent company decreased 3 percent to IDR 6.39 trillion from IDR 6.59 trillion in the previous year due to foreign exchange losses from unrealized financing activities (compared to foreign exchange gains from unrealized financing activities). in 2020).

On the other hand, ICBP's net profit margin reached 11.2 percent compared to 14.1 percent in 2020. Without taking into account non-recurring items and foreign exchange differences, core profit increased 18 percent to IDR 6.85 trillion from IDR 5.82 trillion.

Anthony Salim, who is also the President Director, and Chief Executive Officer of ICBP, said that ICBP's performance was still achieving the target with good contributions from domestic and overseas business activities.

However, he ensured that his party will focus on efforts to maintain ICBP's performance by maintaining a balance between sales volume growth and profitability levels, as well as maintaining a healthy balance sheet position.

"Despite the uncertainty surrounding the pandemic, developments in the economic and geopolitical situation, we will continue to strengthen our business model in order to respond to changes that occur in a timely manner," explained Anthony.