Indofood's profit surges<\/p>\n
JAKARTA (JP): Publicly listed food producer Indofood Sukses
\nMakmur announced a consolidated net profit of Rp 845 billion
\n(US$120 million) in the third quarter ending Sept. 30, compared
\nto Rp 81.8 billion during the same period last year.<\/p>\n
Indofood's CEO and president Eva Riyanti Hutapea said the
\nsurge in the net profit was partly due to a 33 percent growth in
\nthe company's sales.<\/p>\n
"Indofood booked consolidated net sales of Rp 8.4 trillion
\nthroughout the nine months, higher than Rp 6.4 trillion booked
\nduring the same period last year," she said in a company
\nstatement on Monday.<\/p>\n
The increase was also partly attributed to a sharp fall in
\nforeign exchange losses to Rp 145.3 billion in the January to
\nSeptember period from Rp 781.6 billion.<\/p>\n
She said noodles, flour and edible oils and fats continued to
\ndominated Indofood's accumulated net sales, contributing 37
\npercent, 25 percent and 24 percent respectively.<\/p>\n
Eva said Indofood settled 32 percent of its outstanding
\nforeign debts to leave it with $711 million as of Sept. 30,
\ncompared to $1.04 billion on the same date last year. (cst)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/indofoods-profit-surges-1447893297",
"image": ""
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