ICBP – Growing performance projection amid weakening purchasing power

ICBP – Growing performance projection amid weakening purchasing power Indofood CBP Sukses Makmur (ICBP) is projected to continue to record performance growth amid weakening purchasing power. The growth will be supported by population growth in sales regions, such as Indonesia, the Middle East and Africa, increased household spending on ready-to-eat meals and the expansion of products and facilities in key markets. Indomilk as ICBP's flagship product is projected to gain market share and utilize distribution networks in Indonesia and abroad. Note that, ICBP posted revenue of IDR36.96 tn (+7% yoy) and net profit of IDR8.89 tn (+25% yoy) in 1H24. (Source : Bisnis Indonesia)