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The world’s largest instant noodle producer, PT Indofood CBP Sukses Makmur (ICBP), recorded Rp 17.96 trillion (US$2.04 billion) in consolidated net sales last year, up 10 percent from Rp 16.33 trillion in 2009.
The company’s gross profit rose 26.9 percent to Rp 4.97 trillion from Rp 3.91 trillion in 2009. Net profits and core profits increased substantially by 58 percent and 56.9 percent to Rp 1.7 trillion and Rp 1.68 trillion respectively.
“We are pleased that 2010 was a good year for ICBP, despite rising cost pressures in the second semester of the year. We delivered strong and improved results across divisions while maintaining our market leadership and pricing power in most of our categories,” ICBP president director and CEO Anthony Salim said in a statement sent to The Jakarta Post on Monday.
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