Instant noodle maker Indofood Sukses Makmur has reported a 97% drop in quarterly net profit, as the weaker rupiah led to foreign exchange losses.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Indofood posted a net profit of IDR3.2bn for the second quarter to the end of June, compared to IDR106.8bn a year earlier, reported Reuters. Results were hit by foreign exchange losses of IDR162.5bn.


Second-quarter revenue rose to IDR4.3trn from IDR4.1trn in the year-ago quarter.


“Despite tougher competition, the noodles division sold 4.83 billion packs in the first half against 4.78 billion in the same period in 2003,” the company was quoted by Reuters as saying.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now