Indofood's sales rise 80%

Indofood's sales rise 80%

JAKARTA (JP): PT Indofood Sukses Makmur of the Salim Group
announced yesterday an 80 percent increase in its net
consolidated sales from Rp 771 billion (US$327 million) in the
first six months of 1995 to Rp 1.3 trillion in the same period of
this year.

The sales increase helped boost the company's net profit by 30
percent from Rp 126 billion in the January-June period of last
year to Rp 165 billion in the same period of this year.

Indofood's chief executive officer, Eva Riyanti Hutapea, said
in a statement that the sales growth was attributed to the
increase of the company's instant noodle sales as well as the
inclusion of the results of Bogasari Flour Mills, which was
acquired by the company in July 1995.

Indofood, the country's largest instant noodle producer,
expects to book Rp 350 billion in net profit and Rp 3 trillion in
net sales this year.

Eva said that of the projected net sales, Rp 1.8 trillion will
derive from Bogasari. (alo)