Income from operations grew 22% to Rp4.68 trillion from Rp3.85 trillion, and operating margin increased to 20.3% from 17.4%. Income for the period attributable to equity holders of the parent entity increased by 31% to Rp3.38 trillion from Rp2.57 trillion in the same period last year and net margin increased to 14.7% from 11.6%. Core profit increased 21% to Rp3.16 trillion from Rp2.62 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “Despite the challenges under the current circumstances, ICBP performed reasonably well during the first half of 2020. We will focus on safeguarding our people, maintaining the supply and quality of our products delivered to consumers, while improving our agility and competitiveness”.
ICBP is one of the established and leading players in the consumer branded products sector. The co are engaged in diverse business categories, including noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. In addition, ICBP also operates a packaging business, producing both flexible and corrugated packaging to support our main businesses.
The co provide everyday solutions for consumers of all ages across market segments, with around 30 leading product brands. Many of these brands enjoy significant market positions in Indonesia, backed by decades of trust and loyalty from millions of consumers. Majority of its products are available across the archipelago.
Supported by its parent company’s extensive distribution network, ICPB are able to meet market demands in a timely and efficiently manner. Indofood business operations are supported by more than 60 plants located in key areas across Indonesia. Besides Indonesia, ICBP products are also present in more than 60 countries around the world.