Indonesian food giant Indofood Sukses Makmur has said it expects its sales to increase by 3-5% this year.

This compares to a forecast in late 2003 by the company’s chief executive officer of sales growth of 10%, reported Reuters.

“This year the operating profit margin will increase to 12% from 11% last year. Sales will grow between 3% and 5%,” deputy CEO Cesar dela Cruz was quoted as saying.

Indofood is one of the world’s largest makers of instant noodles.