Indonesian food company Indofood Sukses Makmur has reported a 25% fall in 2003 net profit, hit by higher interest charges and foreign currency losses.


The world’s largest maker of instant noodles posted 2003 net profit of 603.5bn rupiah (US$71.3m), compared to 802.6bn rupiah in the previous year. Analysts had been expecting net profit of 701bn rupiah, reported Reuters.


Indofood, which is 48% owned by Hong Kong-listed First Pacific, said 2003 revenue rose to 17.87trn from 16.46trn in the previous year.


The company has the capacity to produce 13.7 billion packs of instant noodles per year and also owns the world’s largest flour miller, Bogasari Flour Mills.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.