PT Indofood Sukses Makmur Tbk : INDOFOOD ANNOUNCED ITS FINANCIAL RESULT FOR THE YEAR ENDED 31 DECEMBER 2011
March 20, 2012 at 03:09 am EDT
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March 20, 2012 11:14
Consolidated net sales grew 18.0% to Rp45.33 trillion
Income from operations grew 8.8% to Rp6.85 trillion
Net income attributable to equity holders of the
parent company rose 4.2% to Rp3.08 trillion
Earnings per share ("EPS") was Rp350
Jakarta, 20 March 2012 - PT Indofood Sukses Makmur Tbk
("Indofood" or the "Company") today announced its
financial results for the year ended 31 December, 2011.
Indofood registered consolidated net sales of Rp45.33
trillion, an increase of 18.0% from Rp38.40 trillion in
2010. All Strategic Business Group ("Group"), namely
Consumer Branded Products ("CBP"), Bogasari, Agribusiness
and Distribution registered sales growth driven by volume
growth and/or higher average selling prices. Consumer
Branded Products ("CBP"), Bogasari, Agribusiness and
Distribution contributed 42%, 26%, 24% and 8%
respectively to consolidated net sales.
The CBP Group, which consists of Noodles, Dairy, Food
Seasonings, Snack Foods and Nutrition & Special Foods
Division, posted 8.6% growth in total sales value due to
increases in sales of all divisions within the Group.
Total sales value of Bogasari Group increased 16.0% on
the back of stronger volume and higher flour price in
conjunction with higher global wheat prices. The
Agribusiness Group continued to register a solid growth
with 32.7% sales growth due to higher sales volume and
average selling price of plantation crops and edible oils
& fats products. Distribution Group also recorded total
sales value growth of 17.9%, partly due to higher sales
of CBP Group.
Gross profit rose slightly to Rp12.58 trillion in 2011
from Rp12.49 trillion in 2010 but gross margin decreased
to 27.8% from 32.5% mainly due to higher input costs.
Income from operations grew 8.8% to Rp6.85 trillion from
Rp6.30 trillion on lower operating expenses; however
operating margin decreased to 15.1% from 16.4% impacted
by lower gross margin. Despite lower net finance expense,
net income attributable to equity holders of the parent
company rose 4.2% to Rp3.08 trillion from Rp2.95 trillion
on higher minority interest; net margin declined to 6.8%
from 7.7% in 2010. Core profit increased 5.9% to Rp3.16
trillion from Rp2.98 trillion last year.
Anthoni Salim, the President Director and Chief Executive
Officer of Indofood, said: "The continuing growth in the
domestic economy and the potential it offers has
manifested in a bittersweet situation. On one side it has
presented us with huge potential, but on the other side
it brings new challenges. Nevertheless, in spite of a
demanding market situation, we once again achieved record
performance in 2011. My sincere appreciation goes to all
of our employees, and most of all to our loyal customers
for their hardwork and support".
---The End---
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 retailer's shelf.
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 (SIMP), and PT Perusahaan
Perkebunan London Sumatra Indonesia Tbk (Lonsum),
listed on the Indonesia Stock Exchange, which are
subsidiaries of Indofood Agri Resources Ltd.
(IndoAgri), 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
Share Price Graphic
INDF
4925 ( as of 16/03/2012 )
Change
-0.025 ( 12/03/2012 - 16/03/2012 )
Volume
614.589.500 ( until 16/03/2012 )
Weekly Update : 19 March 2012
Contact Investor Relations
Contact Us - Investor Relations :
Jane Purnawan
PT Indofood Sukses Makmur Tbk
Sudirman Plaza
Indofood Tower, 25th Floor
Jl. Jenderal Sudirman Kav. 76 -
78
Jakarta 12910, Indonesia
P : 62 - 21 - 5795 8822
F : 62 - 21 - 5793 7373
E :
jane.purnawan@indofood.co.id
Contact Us - Corporate Secretary:
Gideon A. Putro
PT Indofood Sukses Makmur Tbk
Sudirman Plaza
Indofood Tower, 25th Floor
Jl. Jenderal Sudirman Kav. 76 -
78
Jakarta 12910, Indonesia
P : 62 - 21 - 5795 8822
F : 62 - 21 - 5793 7373
E :
gideon.putro@indofood.co.id
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This press release was issued by PT Indofood Sukses Makmur Tbk and was initially posted at http://www.indofood.com/InvestorRelations/PressReleases/ID/tabid/169/articleType/ArticleView/article Id/184/language/en-US/INDOFOOD-ANNOUNCED-ITS-FINANCIAL-RESULT-FOR-THE-YEAR-ENDED-31-DECEMBER-2011.as px . It was distributed, unedited and unaltered, by noodls on 2012-03-20 08:06:51 AM. The issuer is solely responsible for the accuracy of the information contained therein.
PT Indofood Sukses Makmur Tbk is a total food solutions company. The Company has operations in all stages of food manufacturing, from the production of raw materials and their processing to consumer products in the market. The Company's Consumer Branded Products Business Group produces a range of consumer-branded products, including noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. The Bogasari Business Group is primarily a producer of wheat flour as well as pasta, with business operations supported by its own shipping and packaging units. The Agribusiness Group principal activities range from research and development, seed breeding, oil palm cultivation and milling, to the production and marketing of branded cooking oils, margarine and shortening. The Distribution Business Group distributes various consumer products manufactured by the Company, and its subsidiaries, as well as by third parties, to the market. Its products have various brands.