Indofood reports lower income

Indofood reports lower income

JAKARTA (JP): Local noodle giant PT Indofood Sukses Makmur
reported on Monday its consolidated net profit dropped 65 percent
to Rp 286.5 billion (US$35.8 million) in the first semester this
year from Rp 819.3 billion in the same period last year.

The publicly listed company attributed the decline partly to
huge foreign exchange losses of Rp 616.6 billion.

Net sales grew 5 percent in the first semester to reach Rp
5.87 trillion, while operating income rose 12 percent to Rp 1.23
trillion.

The company said noodles, flour milling and edible oils and
fats were still the biggest contributors, 36 percent, 26 percent
and 20 percent respectively, to its consolidated sales. (cst)