INDF - A IDR8.64 tn net profit in 2024

INDF - A IDR8.64 tn net profit in 2024 Indofood Sukses Makmur (INDF) reported a 6.07% yoy net profit growth at IDR8.64 tn in FY24 as its net sales grew 3.66% yoy to IDR115.78 tn. The branded consumer products segment remained the largest contributor at IDR73.32 tn, followed by Bogasari at IDR30.55 tn, agribusiness at IDR15.95 tn, and distribution at IDR7 tn. With a stable cost of goods sold at IDR75.65 tn, gross profit grew 11.33% yoy to IDR40.13 tn. Operating profit increased 17% yoy to IDR23.09 tn, with an improved margin of 19.9%. Indofood also strengthened its financial position, with total assets rising 8.1% yoy to IDR201.71 tn and equity growing 8.5% yoy to IDR108.99 tn. The company remains focused on organic growth, balancing market share with profitability while maintaining financial stability. (Source : Bisnis Indonesia)