Indofood's profit up 38%

Indofood's profit up 38%

JAKARTA (JP): PT Indofood Sukses Makmur, the largest instant noodle producer in the country, reported a 38 percent increase in its net profit to Rp 305 billion (US$132.3 million) last year.

A director of the company, Eva Ryanti Hutapea, said that the acquisition of PT Bogasari Flour Mill last July allowed the company to increase the production of instant noodles which remained as the backbone of the company's business.

The company's sales doubled last year to a new record of Rp 2.09 trillion.

Eva said the food seasoning division posted a sales growth of 75 percent while the divisions of snacks and baby foods registered an increase of 40 percent and 20 percent.

"The installation of additional equipment last year raised Indofood's noodle production facilities to 90 lines," said Eva.

She added that Indofood will have a total of 14 noodle plants when the construction of two new plants in Manado, North Sulawesi, and another one in Pontianak, West Kalimantan, are completed in June. (08)