Conglomerate Anthony Salim About Indofood's Financial Performance In Nine Months: Still Solid Amid Global Obstacles

Conglomerate Anthony Salim. (Photo: Doc. Nikkei)

Conglomerate Anthony Salim commented on the financial performance of the two companies under his control, namely PT Indofood Sukses Makmur Tbk and Indofood CBP Sukses Makmur Tbk.

Anthony assessed that the two companies were still recording solid performances in the nine months of this year amid various global obstacles.

Indofood posted an increase in consolidated net sales by 11 percent to Rp80.82 trillion compared to Rp72.81 trillion in the same period last year.

Meanwhile, his operating profit rose 16 percent to Rp14.18 trillion from Rp12.23 trillion, and his operating profit margin increased to 17.6 percent from 16.8 percent.

"Without taking into account the non-recurring items and the difference in exchange rates, the profit core increased 16 percent to Rp6.49 trillion from Rp5.62 trillion," said Anthony in his statement quoted on Thursday, December 1.

One of the drivers of Indofood's sales was the increase in Indofood CBP sales, which rose 15 percent to IDR 48.91 trillion.

In this period, Indofood CBP earned an operating profit of IDR 9.55 trillion, up 8 percent from IDR 8.82 trillion.

"We remain committed to focusing on competitiveness and maintaining a balance between market share and profitability," said Anthony.

Anthony also said that his party always focused on maintaining a balance between sales volume growth. "We will continue to strive to carry out the strategy well and adapt quickly to face various challenges," added Anthony.