Pt Indofood Cbp Sukses Makmur Tbk Reports Earnings Results for the First Quarter Ended March 31, 2021
June 29, 2021
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PT Indofood CBP Sukses Makmur Tbk announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was IDR 15,092,407 million compared to IDR 12,006,604 million a year ago. Operating income was IDR 3,818,748 million compared to IDR 2,799,908 million a year ago. Net income was IDR 1,736,847 million compared to IDR 1,982,438 million a year ago. Basic earnings per share from continuing operations was IDR 149 compared to IDR 170 a year ago.
PT Indofood CBP Sukses Makmur Tbk is an Indonesia-based consumer goods company. It offers a range of product categories, including noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. It also operates a packaging business that produces flexible and corrugated packaging for its products. Its Noodles Division is an instant noodles manufacturer. It operates about 30 noodle factories across Indonesia, Malaysia, Africa, the Middle East and Southeastern Europe. The Dairy Division has a range of products, including ultra-high temperature (UHT) milk, sterilized bottled milk, sterilized can milk, evaporated milk, pasteurized liquid milk, multi-cereal milk and others. The Snack Foods Division offers snacks made from potato, cassava, corn, and soybean, as well as extruded snacks. The Beverages Division produces a range of beverage products, including RTD tea, packaged water and fruit-flavored drinks marketed under the brands Ichi Ocha, Club and Fruitamin.