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Home>>Daily News>>Indonesia>>Companies>>Indofood records Rp 4.17 trillion net profit in 2017

NEWS UPDATES Asean Affairs  March 21, 2018  







Indofood records Rp 4.17 trillion net profit in 2017


Food product company PT Indofood Sukses Makmur of the Salim Group has booked Rp 4.17 trillion (US$291.9 million) in net profit in 2017, slightly increased by 0.6 percent year-on-year (yoy).

Its net margin declined to 5.9 percent from 6.2 percent, mainly due to the absence of income in 2017 from discontinued operations, the company stated.

Indofood’s net consolidated sales grew by 5.3 percent to Rp 70.19 trillion from Rp 66.66 trillion in 2016.

Consumer branded products, Bogasari, agribusiness and distribution respectively contributed around 50 percent, 22 percent, 20 percent and 8 percent to sales.

“Despite the stable macroeconomic condition, 2017 was a challenging year for the FMCG [fast-moving consumer goods] industry, when consumer demand was dampened,” Indofood president director and CEO Anthoni Salim said in a statement.

With improvements in the domestic economy, however, the company remained hopeful of its business prospects in 2018, the statement added.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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