PT Indofood Sukses Makmur Tbk gained net sales up 9,3%

In the first semester of 2013 financial statements, PT Indofood Sukses Makmur Tbk (INDF, Rp5.900 BUY TP: Rp8.700) recorded consolidated net sales amounted to Rp 26,86 trillion. Sales gained by INDF was up 9.3% on an annual basis compared to the first half of 2012 of Rp 24,58 trillion.



INDF states, the company's strategic business groups, namely Group Consumer Branded Products (CBP) accounted for 45% of total revenue. While revenues from Bogasari business line, Agribusiness and Distribution respectively contributed 27%, 21% and 7% of total revenue.

However, operating profit of INDF fell 18.1% to Rp 2,93 trillion in the first semester of 2013 from Rp 3,57 trillion in the first half of 2012. Operating margin also fell to 10.9% from 14.5%.

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