FINANCIAL PRESS RELEASES
ICBP POSTED DOUBLE-DIGIT TOP LINE GROWTH IN THE NINE MONTHS 2013
30/10/2013
  • Consolidated net sales grew 15.6% to Rp18.88 trillion  
  • Income from operations increased 7.1% to Rp2.32 trillion
  • Income for the period attributable to equity holders of the parent entity rose 12.0% to Rp1.85 trillion 
  • Earnings per share (“EPS”) increased to Rp318 from Rp284


PT Indofood CBP Sukses Makmur Tbk ("ICBP" or the "Company"), today announced its financial results for the nine months ended 30 September 2013. Compared to the same period last year, consolidated net sales increased 15.6% to Rp18.88 trillion from Rp16.33 trillion on the back of higher sales volume across the main divisions and higher average selling price. The largest division of ICBP, Noodles contributed 68% to consolidated net sales, followed by Dairy, Snack Foods, Food Seasonings and Nutrition & Special Foods with contribution of 19%, 7%, 4% and 2% respectively.

Gross profit increased 13.4% to Rp4.91 trillion from Rp4.33 trillion in the same period last year due to higher sales, but gross margin slightly decreased to 26.0% from 26.5% on higher salary, wages and employee benefits, as well as utilities expenses. Income from operations increased 7.1% to Rp2.32 trillion from Rp2.17 trillion but operating margin declined to 12.3% from 13.3% on higher selling and general & administrative expenses, particularly advertising & promotion, salary, wages and employee benefits expenses. Income for the period attributable to equity holders of the parent entity rose 12.0% to Rp1.85 trillion from Rp1.66 trillion; net margin declined to 9.8% from 10.1%. Core profit increased 9.4% to Rp1.80 trillion from Rp1.65 trillion.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "Despite slower economic growth in the third quarter, we continue to deliver healthy top line growth. Nonetheless our profitability is impacted by the increase in wages and higher utilities cost. We will continue to implement cost efficiency measures and increase our productivity to sustain our performance."
ICBP AND ASAHI TO ENTER INTO BOTTLED WATER BUSINESS IN INDONESIA
16/10/2013
PT Indofood CBP Sukses Makmur Tbk (the "Company" or "ICBP") wishes to announce that on 11 October 2013, PT Indofood Asahi Sukses Beverage ("IASB") together with PT Asahi Indofood Beverage Makmur ("AIBM"), joint venture companies ("JVs") between the Company and Asahi Group Holdings Southeast Asia Pte. Ltd. ("Asahi"), have signed joint venture agreements with PT Multi Bahagia ("MB") to manufacture and distribute bottled water in Indonesia.

Following to the signing of joint venture agreements, today the JVs together with MB have established 2 (two) companies as follows:

No.
Company Name
Share Ownership
Business Activities
1. PT Tirta Sukses Perkasa
AIBM : 80%, MB : 20%
Manufacture bottled water
2. PT Tirta Makmur Perkasa
IASB : 80%, MB : 20%
Market and distribute bottled water


President Director and Chief Executive Officer of ICBP, Anthoni Salim said: "We are pleased with our strategic alliance with MB. This alliance will allow us to accelerate entry into the bottled water market, one of the largest segments in non-alcoholic beverage, which accounts for approximately 30% of the total non-alcoholic beverage market in Indonesia. The combined strengths between ICBP, Asahi and MB will better-position us to capture Indonesia's bottled water market opportunities, to strengthen ICBP's non-alcoholic beverage business, and to accelerate the growth of the Company."
THE PCIB ACQUISITION COMPLETED
12/09/2013
PT Indofood CBP Sukses Makmur Tbk (the "Company") today announced that PT Asahi Indofood Beverage Makmur ("AIBM") and PT Indofood Asahi Sukses Beverage ("IASB"), joint venture companies between the Company and Asahi Group Holdings Southeast Asia Pte. Ltd., a Singapore-based wholly-owned subsidiary of Tokyo-based Asahi Group Holdings, Ltd. (collectively, "Asahi") for non-alcoholic beverage businesses in Indonesia, have completed the acquisition of PT Pepsi-Cola Indobeverages, which subject to the approval of relevant authority has changed its name to PT Prima Cahaya Indobeverages.

AIBM and IASB acquired 264,113,930 shares and 15,000 shares of PCIB, respectively. The acquisition price is US$30,000,000 and will be financed by internal cash.

PCIB engages in manufacturing, marketing and distributing exclusively non-alcoholic beverage products under PepsiCo brands, including Pepsi, 7Up and Tropicana Twister in Indonesia. In addition, PCIB also engages in manufacturing, marketing and distribution of its own brands such as "Fruitamin" (fruit juice drink) and "Tekita" (RTD tea beverage).
ICBP REPORTED ITS FINANCIAL RESULTS FOR THE FIRST SEMESTER ENDED 30 JUNE 2013
26/08/2013
  • Consolidated net sales grew 14.5% to Rp12.51 trillion  
  • Income from operations increased 10.7% to Rp1.64 trillion
  • Income for the period attributable to equity holders of the parent entity rose 10.3 to Rp1.26 trillion
  • Earnings per share (“EPS”) increased to Rp215


PT Indofood CBP Sukses Makmur Tbk ("ICBP") today announced its financial result for the first semester ended 30 June 2013. ICBP posted consolidated net sales of Rp12.51 trillion, grew 14.5% compared to Rp10.92 trillion in the same period last year, mainly attributable to higher sales volume in all of the main divisions. The main divisions within ICBP namely Noodles, Dairy, Snack Foods, Food Seasonings and Nutrition & Special Foods contributed 67%, 20%, 7%, 4% and 2% respectively to consolidated net sales.

The improvement in net sales has positively impacted gross profit. Gross profit rose 16.6% to Rp3.30 trillion from Rp2.83 trillion in the same period last year and gross margin improved to 26.3% from 25.9%. Income from operations increased 10.7% to Rp1.64 trillion from Rp1.48 trillion mainly due to higher advertising and promotion, salaries, wages & employee benefits and freight & handling expenses. Operating margin declined to 13.1% from 13.6%. Income for the period attributable to the equity holders of the parent entity increased 10.3% to Rp1.26 trillion from Rp1.14 trillion; and core profit rose to Rp1.25 trillion from Rp1.13 trillion.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "We are pleased that we achieved healthy growth during the first semester of this year. In light of the recent development in domestic macro economic situation, we are cautious despite our optimism in the future potential. We will continue to focus on delivering growth and sustainable performance prudently."
IASB & AIBM ENTER INTO A SHARE PURCHASE AGREEMENT TO ACQUIRE PCIB
27/06/2013
PT Indofood CBP Sukses Makmur Tbk ("ICBP") today announced that PT Indofood Asahi Sukses Beverage ("IASB") and PT Asahi Indofood Beverage Makmur ("AIBM"), joint venture companies between ICBP and Asahi Group Holdings Southeast Asia Pte. Ltd., a Singapore-based wholly-owned subsidiary of Tokyo-based Asahi Group Holdings, Ltd. (collectively, "Asahi") for non-alcoholic beverage businesses in Indonesia, have signed a share purchase agreement to acquire all the outstanding shares of PT Pepsi-Cola Indobeverages ("PCIB") at an agreed purchase price of USD30,000,000.

AIBM and IASB will acquire 264,113,930 shares and 15,000 shares of PCIB, respectively. The closing of the transaction is subject to satisfaction of conditions provided for in the share purchase agreement.

PCIB is a joint venture company between PT Gapura Usahatama, a member of Salim Group companies and Seven-Up Nederland B.V., an affiliated company of PepsiCo, Inc. ("PepsiCo"). It engages in manufacturing, marketing and distributing exclusively non-alcoholic beverage products under PepsiCo brands, including Pepsi, 7Up and Tropicana Twister ("PepsiCo Products") in Indonesia. In addition, PCIB also engages in manufacturing, marketing and distribution of its own brands such as "Fruitamin" (fruit juice drink) and "Tekita" (RTD tea beverage). PCIB recorded net sales of Rp714.4 billion in 2012, Rp714.8 billion in 2011 and Rp665.8 billion in 2010.

PCIB will continue to bottle and sell PepsiCo Products both during and after the completion of the transaction.

Anthoni Salim, the President Director and CEO of ICBP commented: "As a Group, we have had a long and strong relationship with PepsiCo, both in beverages and in snacks. I am very pleased that PCIB will now be consolidated into ICBP and Asahi beverage operations. The combined strengths of the three companies, ICBP, Asahi and PepsiCo, will place us in a better position to become a major player in the non-alcoholic beverage industry in Indonesia and accelerate the growth of the Company."

Naoki Izumiya, President and COO of Asahi Group Holdings, Ltd. commented: "The addition of PCIB to our joint venture with ICBP will be a big step forward and take us closer to establishing a greater and more complete product portfolio in the growing Indonesian non-alcoholic beverage market. By utilizing each of the three companies' strengths, we look forward to offering Indonesian customers and consumers attractive and high-quality products in the near future."
ICBP SHAREHOLDERS APPROVED ALL RESOLUTIONS PROPOSED IN THE AGM AND EGM
29/05/2013
PT Indofood CBP Sukses Makmur Tbk ("ICBP" or the "Company") announced today held the Annual General Meeting of Shareholders ("AGM") and the Extraordinary General Meeting of Shareholders ("EGM") and obtained the approval for all the proposed resolutions.

At the AGM, the shareholders approved among others:

  • The Board of Directors’ Report on the activities and financial results of the Company for the year ended December 31, 2012.
  • Dividend payout of Rp186 per share to be paid on  July 31, 2013. 
  • The resignation of Mr. Agus Rajani Panjaitan as an Independent Commissioner of the Company and Mr. Darmawan Sarsito  as a member of the Board of Commissioners of the Company, effectively on May 23  and  May 29 respectively, 2013, with appreciation and gratitude for their valuable contribution and services to the Company.
  • The appointment of Mr. Wahjudi Prakarsa as an Independent Commissioner of the Company to replace Mr. Agus Rajani Panjaitan for the remaining term of office starting from the end of the AGM until the closing of AGM in year 2015. 


Subsequent to the appointments, the composition of the Board of Commissioners of the Company are as follows:

President Commissioner
 :  Benny Setiawan Santoso
Commissioner
 :  Franciscus Welirang
Commissioner
 :  Moleonoto (Paulus Moleonoto)
Commissioner
 :  Alamsyah
Independent Commissioner
 :  F.G. Winarno
Independent Commissioner
 :  Adi Pranoto Leman
Independent Commissioner
 :  Wahjudi Prakarsa


At the EGM, the shareholders approved the proposed changes in the utilization of the proceeds from Company's intitial public offering.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "We would like to thank our shareholders and our loyal customers for their continuing support and trust in ICBP and its products. We persist in our commitment to accelerate growth and enhance stakeholders' value. We have charted a clear strategic direction and we believe we are in a good position to capture the future potentials of Indonesia."
ICBP DELIVERED DOUBLE-DIGIT TOP LINE GROWTH IN THE FIRST QUARTER 2013
30/04/2013
  • Consolidated net sales grew 14.6% to Rp6.06 trillion  
  • Income from operations increased 7.2% to Rp852.9 billion
  • Income for the period attributable to equity holders of the parent entity rose 8.9% to Rp643.8 billion
  • Earnings per share (“EPS”) increased to Rp110


PT Indofood CBP Sukses Makmur Tbk ("ICBP" or the "Company"), today announced its financial results for the first quarter ended March 31, 2013. Compared to the same period last year, consolidated net sales increased 14.6% to Rp6.06 trillion from Rp5.29 trillion with main divisions contributed to the increase. The main divisions within ICBP namely Noodles, Dairy, Snack Foods, Food Seasonings and Nutrition & Special Foods contributed 69%, 19%, 7%, 3% and 2% respectively to consolidated net sales.

Gross profit increased 15.3% to Rp1.61 trillion from Rp1.40 trillion in the same period last year on the back of higher net sales. Gross margin increased slightly to 26.7% from 26.5%. Income from operations increased 7.2% to Rp852.9 billion from Rp795.5 billion due to higher operating expense, mainly due to higher advertising and promotion, as well as salary, wages and employee benefit expenses. Operating margin declined to 14.1% from 15.0%. Income for the period attributable to the equity holders of the parent entity and core profit increased 8.9% to Rp643.8 billion and Rp645.9 billion, from Rp591.1 billion and Rp593.2 billion.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "We are really pleased that we started the year with good performance. We are excited with the future potential, despite the new challenges. We will continue our efforts to accelerate growth. We continuously review and adapt our strategies and initiatives to address the changing market environment in order to deliver sustainable results."
ICBP DELIVERED DOUBLE-DIGIT TOP LINE GROWTH IN 2012
19/03/2013
  • Consolidated net sales grew 11.4% to Rp21.57 trillion  
  • Income from operations increased 8.9% to Rp2.84 trillion
  • Income for the year attributable to equity holders of the parent entity rose 10.3% to Rp2.18 trillion
  • Earnings per share (“EPS”) increased to Rp374


PT Indofood CBP Sukses Makmur Tbk ("ICBP" or the "Company"), today announced its financial result for the full year ended 31 December 2012. ICBP reported consolidated net sales of Rp21.57 trillion, grew 11.4% compared to Rp19.37 trillion last year primarily driven by volume growth in almost all of the divisions. The largest division of ICBP, Noodles contributed 69% to consolidated net sales, followed by Dairy, Snack Foods, Food Seasonings, and Nutrition & Special Foods with contribution of 18%, 7%, 4% and 2% respectively.

Gross profit increased 14.9% to Rp5.78 trillion from Rp5.03 trillion in 2011 on the back of higher net sales and gross margin increased to 26.8% from 26.0%. Nonetheless, income from operations increased 8.9% to Rp2.84 trillion from Rp2.61 trillion on higher operating expenses, mainly due to the increase in advertising and promotion spending to strengthen our brands' equities and support new product launches, as well as employee related expenses to support our expansion. Operating margin declined slightly to 13.2% compared to 13.5% last year. Income for the year attributable to equity holders of the parent entity rose 10.3% to Rp2.18 trillion from Rp1.98 trillion on higher net finance income and core profit increased 10.1% to Rp2.17 trillion from Rp1.97 trillion last year.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "2012 has been a good year for ICBP after a challenging year in 2011. Despite difficult time, we never falter. We single-mindedly drove our operational excellence to enhance our competitive edge in order to ensure our leadership position in market and deliver healthy organic growth. At the same we also initiated expansion of our business categories to accelerate future growth. We are committed to continuously improve stakeholders' value."
ICBP REPORTS NINE MONTHS 2012 FINANCIAL RESULT
31/10/2012
  • Consolidated net sales grew 12.3% to Rp16.23 trillion
  • Income from operations increased 8.0% to Rp2.17 trillion
  • Income for the period attributable to the equity holders of the parent entity rose 8.4% to Rp1.66 trillion
  • Earnings per share (“EPS”) increased to Rp284


PT Indofood CBP Sukses Makmur Tbk ("ICBP" or the "Company"), today announced its financial results for the nine months ended 30 September 2012. ICBP posted consolidated net sales of Rp16.23 trillion, grew 12.3% compared to Rp14.45 trillion in the same period last year, mainly attributable to higher sales volume in almost all of the divisions. Noodles and Dairy Divisions continued to be the two biggest contributors to consolidated net sales, contributing around 69% and 18%, respectively. The other three divisions namely Food Seasonings, Snack Foods and Nutrition & Special Foods contributed 4%, 7% and 2% respectively to consolidated net sales.

The improvement in net sales has positively impacted gross profit. Gross profit rose 14.7% to Rp4.31 trillion from Rp3.76 trillion in the same period last year and gross margin improved to 26.6% from 26.0%. Income from operations increased 8.0% to Rp2.17 trillion from Rp2.01 trillion on higher operating expenses, while operating margin declined to 13.4% from 13.9%. Income for the period attributable to the equity holders of the parent entity increased 8.4% to Rp1.66 trillion from Rp1.53 trillion. Core profit increased 8.1% to Rp1.65 trillion from Rp1.52 trillion.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "ICBP performed well during the nine months of the year, demonstrating healthy growth across most of the divisions. Our outlook for the rest of the year and the years ahead remains positive; we will continue to focus on organic growth of our core businesses by accelerating innovation to expand our product portfolio, while intensifying our efforts to capture new business opportunities to further boost growth."
ICBP REPORTS FIRST SEMESTER 2012 FINANCIAL RESULTS
28/08/2012
  • Consolidated net sales grew 15.9% to Rp10.92 trillion
  • Income from operations increased 12.6% to Rp1.48 trillion
  • Income for the period attributable to the equity holders of the parent entity rose  15.0% to  Rp1.14 trillion
  • Earnings per share (“EPS”) increased to Rp195


PT Indofood CBP Sukses Makmur Tbk ("ICBP") today announced its financial result for the first semester ended 30 June 2012. Compared to the same period last year, consolidated net sales increased 15.9% to Rp10.92 trillion from Rp9.42 trillion, primarily driven by volume growth in almost all the divisions. The divisions within ICBP namely Noodles, Dairy, Food Seasonings, Snack Foods and Nutrition & Special Foods contributed 69%, 18%, 4%, 7% and 2% respectively to consolidated net sales.

Gross profit increased 16.5% to Rp2.83 trillion from Rp2.42 trillion in the same period last year on the back of higher net sales and lower input costs. Gross margin increased slightly to 25.9% from 25.7%. Income from operations increased 12.6% to Rp1.48 trillion from Rp1.32 trillion due to higher operating expense, while operating margin declined slightly to 13.6% from 14.0%. Income for the period attributable to the equity holders of the parent entity increased 15.0% to Rp1.14 trillion from Rp990.0 billion, and core profit increased 13.7% to Rp1.13 trillion from Rp994.6 billion.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "We are pleased that most of our divisions achieved healthy growth during the first semester of this year. We remain committed to pursue growth. Our recent join venture with Asahi to enter into non-alcoholic beverage business will allow us to expand our business categories and accelerate growth. We also continue to look for other opportunities to further develop our business operations."
ICBP SHAREHOLDERS APPROVED ALL RESOLUTIONS PROPOSED IN THE AGM
11/05/2012
PT Indofood CBP Sukses Makmur Tbk ("ICBP" or the "Company") announced today held the Annual General Meeting of Shareholders ("AGM") and obtained the approval for all the proposed resolutions.

The shareholders approved among others:

  • The Board of Directors’ Report on the activities and financial results of the Company for the year ended December 31, 2011.
  • Dividend payout of Rp169 per share to be paid on July 31, 2012. 
  • To accept the resignation of the Board of Commissioners and Directors in conjuction with the expiration of their term of office as of the closing of AGM with appreciation and gratitude for their valuable contribution and services to the Company; and to approve the appointment of the proposed Board of Commissioners and Directors of the Company for the period starting from the end of this AGM until the closing of AGM year 2015, except for Mr Yungky Setiawan, effective as a Director as of July 1, 2012, with the composition as follow:


Board of Commissioners 
 President Commissioner 
:  Benny Setiawan Santoso 
 Commissioner 
:  Franciscus Welirang
 Commissioner 
:  Moleonoto (Paulus Moleonoto)
 Commissioner
:  Darmawan Sarsito (Kevin Sietho)
 Independent Commissioner :  Alamsyah
 Independent Commissioner :  F.G. Winarno
 Independent Commissioner :  Adi Pranoto Leman
 Independent Commissioner :  Agus Rajani Panjaitan


Board of Directors
 President Director :  Anthoni Salim 
 Director :  Tjhie Tje Fie (Thomas Tjhie)
 Director :  Taufik Wiraatmadja
 Director :  Axton Salim
 Director :  Werianty Setiawan
 Director :  Hendra Widjaja
 Director :  Suaimi Suriady
 Director :  Sulianto Pratama
 Director :  Yungky Setiawan


Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "We would like to thank our shareholders and our loyal customers for their continuing support and trust in ICBP and its products. We remain confident that as the leading packaged food company we will continue to evolve dynamically and rise to the new challenges in order to deliver sustainable results."
ICBP'S FIRST QUARTER 2012 FINANCIAL RESULT
3/04/2012
  • Consolidated net sales grew 12.3% to Rp5.29 trillion
  • Income from operations increased 29.3% to Rp795.2 billion
  • Income for the period attributable to the equity holders of the parent entity rose 36.4% to Rp591.1 billion
  • Earnings per share (“EPS”) was Rp101


PT Indofood CBP Sukses Makmur Tbk ("ICBP" or the "Company"), today announced its financial results for the first quarter ended March 31, 2012. ICBP posted consolidated net sales of Rp5.29 trillion, grew 12.3% compared to Rp4.71 trillion in the same quarter last year, mainly attributable to higher sales volume in almost all the divisions. Noodles and Dairy Divisions continued to be two biggest contributors to consolidated net sales, contributing around 70% and 18%, respectively. The other three divisions namely Food Seasonings, Snack Foods and Nutrition & Special Foods contributed 3%, 7% and 2% respectively to consolidated net sales.

The improvement in net sales combined with the decline in some input costs has positively impacted gross profit. Gross profit rose 16.2% to Rp1.40 trillion from Rp1.20 trillion in the same period last year and gross margin improved to 26.5% from 25.6%. Income from operations increased 29.3% to Rp795.2 billion from Rp614.8 billion, and operating margin improved to 15.0% from 13.1%. Income for the period attributable to the equity holders of the parent entity increased 36.4% to Rp591.1 billion from Rp433.5 billion, and core profit increased 35.8% to Rp593.2 billion from Rp436.9 billion, reflecting the strength in the underlying performance.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "Our first quarter performance was a strong start to the year - most of our divisions posted healthy volume growth. We continue to see good demand for most of our products and we will intensify our efforts to maintain the growth momentum going forward."
ICBP ACHIEVED SALES OF Rp19.37 TRILLION FOR THE FULL YEAR 2011
20/03/2012
  • Consolidated net sales grew 7.8% to Rp19.37 trillion  
  • Income from operations increased 3.0% to Rp2.61 trillion
  • Net income attributable to equity holders of the parent company rose 15.9% to Rp1.98 trillion
  • Earnings per share (“EPS”) was Rp339


PT Indofood CBP Sukses Makmur Tbk ("ICBP" or the "Company"), today announced its financial result for the full year ended 31 December 2011. ICBP posted consolidated net sales of Rp19.37 trillion, grew 7.8% compared to Rp17.96 trillion last year attributable to higher sales across the divisions. The Company's business activities consist of five divisions namely Noodles, Dairy, Food Seasonings, Snack Foods and Nutrition & Special Foods contributed 69%, 19%, 3%, 6% and 3% respectively to consolidated net sales.

Gross profit rose slightly to Rp5.03 trillion from Rp4.98 trillion in 2010, but gross margin declined to 26.0% from 27.7% mainly due higher input cost. With improvement in gross profit and lower operating expenses, income from operations increased 3.0% to Rp2.61 trillion from Rp2.53 trillion, while operating margin declined to 13.5% compared to 14.1% last year. Net profit attributable to equity holders of parent company increased 15.9% to Rp1.98 trillion from Rp1.70 trillion mainly on higher net finance income, and net margin improved to 10.2% from 9.5% last year.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "We are pleased with the results we achieved in 2011 despite challenging market condition. Our ability to respond swiftly to the changing market dynamics has enabled us to sustain our performance. My sincere appreciation goes to all of our employees, and most of all to our loyal customers for their hardwork and support."
ICBP REPORTS NINE MONTHS 2011 RESULTS
28/10/2011
  • Consolidated net sales grew 6.5% to Rp14.45 trillion
  • Income from operations increased 2.5% to Rp2.01 trillion
  • Net income attributable to equity holders of the parent company rose 17.8% to Rp1.53 trillion
  • Earnings per share (“EPS”) was Rp262


PT Indofood CBP Sukses Makmur Tbk ("ICBP"), today announced its financial results for the nine months period ended 30 September 2011. Compared to the same period last year, consolidated net sales increased 6.5% to Rp14.45 trillion from Rp13.57 trillion, mainly driven by sales growth across the divisions. The divisions within ICBP namely Noodles, Dairy, Food Seasonings, Snack Foods and Nutrition & Special Foods contributed 68%, 19%, 4%, 6% and 3% respectively to consolidated net sales.

Gross profit declined slightly to Rp3.76 trillion from Rp3.78 trillion mainly due to higher input cost, and gross margin decreased to 26.0% from 27.9%. Despite lower gross profit, income from operations increased 2.5% to Rp2.01 trillion from Rp1.96 trillion on lower operating expenses. Operating margin declined slightly to 13.9% from 14.4%. Net income attributable to equity holders of parent company rose 17.8% to Rp1.53 trillion mainly on higher net finance income and net margin improved to 10.6%. Core profit increased 19.2% to Rp1.52 trillion from Rp1.28 trillion in the same period last year.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "Despite tougher market conditions, we are pleased that we continue to show growth in our performance. We will continuously review and adapt our strategic and initiatives to address the changing market environment in order to deliver sustainable results."
ICBP'S FIRST HALF 2011 FINANCIAL RESULT
24/08/2011
  • Consolidated net sales grew 5.7% to Rp9.42 trillion
  • Income from operations increased 7.8% to Rp1.31 trillion
  • Net income attributable to equity holders of the parent company rose 23.7% to Rp990.0 billion
  • Earnings per share (“EPS”) was Rp170 in first semester 2011


PT Indofood CBP Sukses Makmur Tbk ("ICBP"), today announced its financial result for the first semester ended 30 June 2011. ICBP posted consolidated net sales of Rp9.42 trillion, grew 5.7% from Rp8.92 trillion in the same period last year, primarily driven by sales growth across the divisions. Noodles and Dairy Divisions continued to be two biggest contributors to consolidated net sales, contributing 68% and 19%, respectively. The other three divisions namely Food Seasonings, Snack Foods and Nutrition & Special Foods contributed 4%, 6% and 3% respectively to consolidated net sales.

Gross profit increased 1.1% to Rp2.42 trillion from Rp2.40 trillion, and income from operations increased 7.8% to Rp1.31 trillion from Rp1.22 trillion. Gross margin declined slightly to 25.7% from 26.9% due to higher input costs, while operating margin improved to 14.0% from 13.7%, partly due to lower operating expenses. Net income attributable to equity holders of the parent company rose 23.7% to Rp990.0 billion from Rp800.2 billion. Core profit increased 26.4% to Rp994.6 billion from Rp786.7 billion.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "We are really pleased that we delivered a good performance in the first semester of 2011, despite rising input costs and volatile environment. We will continue to leverage on our strengths and improve on our weaknesses to better position ICBP for future challenges."
ICBP SHAREHOLDERS APPROVED ALL RESOLUTIONS
31/05/2011
PT Indofood CBP Sukses Makmur Tbk ("ICBP" or "Company") announced today held the first of Annual General Meeting of Shareholders and obtained the approval for all the proposed resolutions.

The shareholders approved among others:

  • The Board of Directors’ Report on the activities and financial results of the Company for the year ended December 31, 2010,
  • Dividend payout of Rp116 per share to be paid on 7 July 2011.


Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "We would like to thank our shareholders and our loyal customers for their continuing support and trust in ICBP and its products. We believe with the commencement of the initial public offering of ICBP in October last year, it has allowed us to strengthen our financial position and capture long-term growth potential; hence sustaining our performance."
ICBP'S FIRST QUARTER 2011 FINANCIAL RESULT
29/04/2011
PT Indofood CBP Sukses Makmur Tbk ("ICBP"), today announced its financial results for the first quarter year ended March 31, 2011. ICBP posted consolidated net sales of Rp4.71 trillion, grew 8.6% from Rp4.34 trillion in the same quarter last year, driven by volume growth and higher average selling price. Noodles and Dairy Divisions continued to be two biggest contributors to consolidated net sales, contributing around 88% in first quarter of 2011 compared to 89% last year. The other three divisions - Food Seasonings, Snack Foods and Nutrition & Special Foods - contributed around 12% to consolidated net sales, increasing from 11% last year.

Gross profit rose 6.1% to Rp1.20 trillion from Rp1.14 trillion in the same period last year, but gross margin declined to 25.6% from 26.2% due higher input costs. Operating profit increased 5.6% to Rp614.8 billion from Rp582.1 billion, while operating margin declined slightly to 13.1% compared to 13.4% last year. With higher net finance income, net income attributable to the equity holders of the parent company increased 17.8% to Rp433.5 billion from Rp368.1 billion, and core profit increased 22.2% to Rp439.9 billion from Rp360.0 billion.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: "Despite the pressure on input costs due to higher commodity prices, we are encouraged that we started the year with good performance. The outlook for Indonesian economy continued to be promising in 2011; we expect this will support the growth in the packaged food industry. ICBP as one of the leading packaged food company is well positioned to capture the growth."
ICBP'S 2010 FINANCIAL RESULT
21/03/2011
PT Indofood CBP Sukses Makmur Tbk ("ICBP"), today announced financial results for the full year ended December 31, 2010. ICBP was established as a separate entity on 2 September 2009 by means of internal restructuring of the Consumer Branded Product ("CBP") Group of PT Indofood Sukses Makmur Tbk ("ISM"), the parent company, listed on the Indonesia Stock Exchange since 1994. For comparative purpose we presented the financial information for the year ended December 31, 2009 based on historical combined financial information of the Consumer Branded Products Group of ISM.

For the year ended December 31, 2010 ICBP posted consolidated net sales of Rp17.96 trillion, grew 10% from Rp16.33 trillion in 2009, driven by volume growth across all divisions, namely Noodles, Dairy, Food Seasonings, Snack Foods and Nutrition & Special Foods, as well as higher average selling price for some categories.

The improvement in net sales has positively impacted gross profit. Gross profit rose 26.9% to Rp4.97 trillion from Rp3.91 trillion in 2009 and gross margin improved to 27.7% from 24.0%. In line with the increase in gross profit, operating profit increased 46.9% to Rp2.65 trillion from Rp1.80 trillion, and operating margin improved to 14.7% from 11.0%. Net profit and core profit increased substantially by 58.0% and 56.9% to Rp1.70 trillion and Rp1.68 trillion demonstrates the strength in the underlying performance.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said : "We are pleased that 2010 has been a good year for ICBP, despite rising cost pressure in the second semester of the year. We delivered strong and improved results across the divisions while maintaining our market leadership and pricing power in most of our categories."

"Moving forward we remain encouraged by the prospect of our business, despite the imminent challenges, particularly on the competitive landscape. Based on our extensive experience, supported by our unique competitive advantages, we are confident that we can weather the challenges and sustain our performance," added Mr. Salim.
ICBP DELIVERS STRONG PERFORMANCE IN THE NINE MONTHS PERIOD OF 2010
29/10/2010
PT Indofood CBP Sukses Makmur Tbk ("ICBP") - IDX : ICBP - today announced financial results for the nine months period ended 30 September, 2010. ICBP posted net sales of Rp13.57 trillion, an increase of 10.4% from Rp12.29 trillion in the same period last year, driven by volume growth across the divisions and higher average selling price. The divisions within ICBP include Noodle, Dairy, Food Seasonings, Snack Foods and Nutrition & Special Foods.

Gross profit was Rp3.76 trillion compared with Rp2.90 trillion in the same period last year, a significant increase of 29.8%. Gross profit margin improved to 27.7% from 23.6%. Operating profit increased 45.0% to Rp2.03 trillion from Rp1.40 trillion and operating margin improved to 15.0% from 11.4%. Net profit increased 45.5%, in line with the improvement in operating profit, to Rp1.30 trillion from Rp0.89 trillion.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said : "We are really pleased that we deliver a strong performance in the nine months period of this year. Looking ahead, we are very positive on the potential economic growth in Indonesia. This, combined with our unique competitive advantage, sound strategies, and our management competence to execute the strategies, we believe we are well positioned to capture the growth."
ICBP SHARES LISTED ON THE INDONESIA STOCK EXCHANGE MAIN BOARD
07/10/2010
PT Indofood CBP Sukses Makmur Tbk ("ICBP" or "Company") shares commenced trading today on the Indonesia Stock Exchange Main Board under the symbol ICBP, following the successful completion of its Initial Public Offering ("IPO"). The Company offered 1,166,191,000 ordinary shares at Rp5,395 per share.

The net proceeds from the offering is approximately Rp6.085 trillion, of which approximately 67% will be utilized to reduce indebtedness, primarily shareholder loans; and the remaining will be used for capital expenditure.

The joint lead underwriters for the IPO are PT Kim Eng Securities, PT Credit Suisse Securities Indonesia, PT Deutsche Securities Indonesia and PT Mandiri Sekuritas.

Anthoni Salim, President Director of ICBP commented: "We are very pleased to have successfully completed our IPO. The response from both international and domestic investors has been overwhelming, signifying their confidence in our Company and the Indonesian economy in general. I would like to thank all the parties who have made this IPO possible and the investors for their support and trust."
ICBP WILL COMMENCE INITIAL PUBLIC OFFERING
03/09/2010
PT Indofood CBP Sukses Makmur Tbk ("ICBP" or "Company"), an established and leading packaged food company in Indonesia, conducted its Due Diligence Meeting and Public Expose today. In connection with its planned Initial Public Offering ("IPO"), the Company intends to issue up to 1.1 billion new ordinary shares, with par value of Rp100 per share, or a maximum of 20% of its enlarged capital.

Approximately 70% to 80% of the proceeds will be utilized to reduce indebtedness, primarily shareholders loans. The remaining proceeds will be used for capital expenditure.

The IPO is expected be carried out on the fourth week of September 2010, upon approval from the Capital Market and Financial Institution Supervisory Agency (Bapepam & LK). The IPO of ICBP will be registered under the laws and regulations in Indonesia. All of its issued shares will be listed and traded on the Indonesia Stock Exchange.

The joint lead underwriters for the IPO are PT Kim Eng Securities, PT Credit Suisse Securities Indonesia, PT Deutsche Securities Indonesia and PT Mandiri Sekuritas.