Indonesia-based food group Indofood has booked a 4.8% increase in net sales for the nine months to 30 September to IDR49.9trn (US$3,8bn) compared to IDR47.5trn in the same period a year ago.

In unaudited consolidated financial results reported to the Jakarta stock exchange, the noodles maker said income from operations for the period was IDR5.9trn compared to IDR5.4trn for the corresponding period in 2015. 

The company said pre-tax income for the nine-month period in 2016 was IDR5.4trn, versus IDR2.6trn in the same period last year. 

Indofood, which manufacturers food including noodles, dairy, snacks and seasonings, said the company’s performance was helped by lower raw material costs and sales price increases as demand for packaged food in Indonesia grew.

The results show continued “resilience” by the food group from when it reported rising half-year sales and profits in the summer, shrugging off the impact El Nino has had on its palm oil production.

The company saw its profits fall in 2015 amid higher finance costs and the impact of foreign exchange.

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.