• Consolidated net sales grew 8.6% to Rp34.47 trillion
  • Income from operations increased 21.8% to Rp4.86 trillion
  • Earnings Per Share ("EPS") increased 20.2% to Rp309 from Rp257
Jakarta, 24 March 2017 - PT Indofood CBP Sukses Makmur Tbk ("ICBP" or the "Company") today announced its financial results for the year ended 31 December 2016. ICBP posted 8.6% growth in consolidated net sales to Rp34.47 trillion from Rp31.74 trillion last year. The Noodles Division remained as the top contributor to net sales, delivering around 64%, followed by the Dairy, Snack Foods, Food Seasonings, Nutrition & Special Foods and Beverages Division which contributed around, 20%, 7%, 2%, 2% and 5% respectively.
Income from operations increased 21.8% to Rp4.86 trillion from Rp3.99 trillion, and operating margin expanded to 14.1% from 12.6%. Income for the year attributable to equity holders of the parent entity grew 20.0% to Rp3.60 trillion from Rp3.00 trillion last year; net margin improved to 10.4% from 9.5%. Without taking into account non-recurring items and difference in foreign exchange rate, core profit increased 24.2% to Rp3.71 trillion from Rp2.99 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "We are pleased that we achieved a commendable performance in 2016, delivering a strong EPS growth and improving our positions in the market for our key categories. While we believe that the favorable domestic macro economic conditions in 2016 will carry over into 2017, we are cautious and watchful of the evolving global macro economic conditions and potential of rising commodity prices which may impact the domestic macro economic conditions and our company. We will continue to adapt our strategies to the market development to deliver sustainable returns to our shareholders".
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About PT Indofood CBP Sukses Makmur Tbk
ICBP is an established and one of the market leading players in the consumer branded products sector. We are engaged in diverse business categories, including noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. In addition, ICBP also operates a packaging business, producing both flexible and corrugated packaging to support our main businesses.
We provide everyday solutions for consumers of all ages across market segments, with around 40 leading product brands. Many of these brands enjoy significant market positions in Indonesia, backed by decades of trust and loyalty from millions of consumers.
Majorityt of our products are available across the archipelago. Supported by our parent company's extensive distribution network, we are able to meet the market demands in a timely and efficiently manner.
Our business operations are supported by more than 50 plants are located in key areas across Indonesia. This enables us to be closer to market demand and ensure product freshness.
Besides Indonesia, ICBP products are also present in more than 60 countries around the world.
For further information, please contact:
Gideon A. Putro
Corporate Secretary
PT Indofood CBP Sukses Makmur Tbk
Tel: +6221-5795 8822
Fax: +6221-5793 7373
Email: gideon.putro@icbp.indofood.co.id

PT Indofood CBP Sukses Makmur Tbk published this content on 24 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 March 2017 08:26:21 UTC.

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