• Consolidated net sales grew 12.5% to Rp24.58 trillion
  • Income from operations grew 2.6% to Rp3.57 trillion
  • Income for the period attributable to equity holders of the parent entity increased 6.5% to Rp1.68 trillion
  • Earnings per share ("EPS") increased to Rp192

Jakarta, 28 August 2012 - PT Indofood Sukses Makmur Tbk ("Indofood" or the "Company") today announced its financial results for the first semester ended June 30, 2012. The Company registered  consolidated net sales of Rp24.58 trillion, an increase of 12.5% from Rp21.84 trillion in the same semester last year. Indofood's Strategic Business Group ("Group"), namely Consumer Branded Products ("CBP"), Bogasari, Agribusiness and Distribution contributed 44%, 24%, 24% and 8% respectively to the consolidated net sales.

The CBP Group, which consists of Noodles, Dairy, Food Seasonings, Snack Foods and Nutrition & Special Foods Division, continues to post growth in total sales value driven by volume growth in almost all divisions within the Group. Total sales value of Bogasari Group increased 5.2% on stronger flour volume growth despite lower average selling price in conjunction with decline in international wheat price. Despite lower commodity prices, the Agribusiness Group registered growth in total sales value, mainly due to higher sales volume of CPO and edible oils & fats products. Distribution Group also recorded total sales value growth of 16.4%, partly due to higher sales of CBP Group.

Gross profit increased to Rp6.72 trillion from Rp6.32 trillion; while gross margin decreased to 27.4% from 28.9% mainly due to lower Plantations results mainly impacted by the decline of palm products and rubber prices.  Income from operations grew 2.6% to Rp3.57 trillion from Rp3.48 trillion; however operating margin decreased to 14.5% from 15.9% on higher operating expenses. Income for the period attributable to equity holders of the parent entity rose 6.5% to Rp1.68 trillion from Rp1.58 trillion on lower non-controlling interest due to lower Agribusiness Group performance; net margin decreased to 6.9%. Core profit increased 8.9% to Rp1.68 trillion from Rp1.54 trillion in the same period last year.

Anthoni Salim, the President Director and Chief Executive Officer of Indofood, said: "We are pleased that we are able to sustain our performance despite weaker results achieved by our Agribusiness Group, partly due to lower palm products and rubber prices. Thanks to our resilient business model."

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About PT Indofood Sukses Makmur Tbk

PT Indofood Sukses Makmur Tbk ("Indofood") (IDX : INDF) is a leading Total Food Solutions company with operations in all stages of food manufacturing from the production of raw materials and their processing through to consumer products on the market.

Indofood operates four complementary Strategic Business Groups, namely:

  • Consumer Branded Products, its business activities are conducted by PT Indofood CBP Sukses Makmur Tbk ("ICBP"), which was listed on IDX since 7 October 2010. ICBP is one of the leading packaged food producers in Indonesia, with a wide range of packaged food products. ICBP brands are among the strongest brands with the most significant mindshare in Indonesia for consumer food brands.
  • Bogasari, primarily a producer of wheat flour as well as pasta.
  • Agribusiness. Its business activities are run by PT Salim Ivomas Pratama Tbk  and PT Perusahaan Perkebunan London Sumatra Indonesia Tbk, listed on the Indonesia Stock Exchange, which are subsidiaries of Indofood Agri Resources Ltd., which is listed on the Singapore Stock Exchange. The Group's business principal activities range from research and development, oil seed breeding and cultivation as well as refining, branding and marketing of cooking oil, margarine and shortening. In addition, the Group is also involved in the cultivation and processing of rubber, sugar cane, cocoa and tea.
  • Distribution, boasts the most extensive distribution network in Indonesia. It distributes the majority of Indofood's and its subsidiaries' consumer products as well as third party products.

For further information, please contact:
Werianty Setiawan
Director & Corporate Secretary
PT Indofood Sukses Makmur Tbk
Tel : +62 21 5795 8822 ext. 1215
Fax: +62 21 5793 7373
Email: werianty@indofood.co.id

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