Indofood's sales rises 21%

JAKARTA (JP): Indofood Sukses Makmur, a noodle producer listed on the Jakarta and Surabaya stock exchanges, reported an increase of 21 percent in its net sales to Rp 976.9 billion (US$454.37 million) in the first nine months of this year.

The company announced on Saturday that its before-tax profit rose by 225 percent to Rp 359.2 billion in the January-September period from Rp 110.3 billion in the corresponding period of last year, while its operating profits increased by 200 percent to Rp 213.2 billion from Rp 70.9 billion.

Its after-tax profit rose to Rp 145.6 billion from Rp 50 billion.

The company said that the significant rise in sales was mainly due to a 40 percent increase in the production of instant noodle, to 4.5 billion packs in the January-September period.(hen)