Anthoni Salim's Strategy to Maintain the Performance of Indofood (INDF)

May 02, 2024, 12.25 AM | Reporter: Yuliana Hema

ILUSTRASI. Pekerja beraktivitas di pabrik pembuatan tepung terigu Bogasari milik PT Indofood Sukses Makmur Tbk (INDF) di Cibitung, Bekasi, Jawa Barat, Senin (29/4/2024). Pabrik dengan kapsitas produksi 2,600 metrik ton per tahun ini memenuhi 80% kebutuhan pasar industri, sisanya untuk pasar ritel. Harga saham INDF pada penutupan perdagangan senin (29/4) terpantau naik 2,07% ke posisi 6.175 per lembar saham. KONTAN/Cheppy A. Muchlis/29/04/2024

LISTED COMPANY - JAKARTA. PT Indofood Sukses Makmur Tbk (INDF) is set to strive to maintain its profitability performance.

The President Director & Chief Executive Officer of Indofood Sukses Makmur, Anthony Salim, stated that the company will remain vigilant in facing future uncertainties.

"As well as maintaining a strong balance sheet position and a balance between market share and profitability," he said in an official statement received by Kontan on Wednesday (1/5).

INDF's net sales were still able to grow by 0.81% annually or Year on Year (YoY) to Rp 30.79 trillion in the first quarter of 2024. Meanwhile, in the first quarter of 2023, INDF's net sales were only Rp 30.64 trillion.

The cost of goods sold by INDF also shrank by 3.69% annually to Rp 20.27 trillion. As a result, INDF's operating profit as of March 2024 reached Rp 6.41 trillion, up 29.17% YoY.

However, INDF had to bear a financial burden of Rp 2.35 trillion in the January-March 2024 period or up 202.17% YoY. In the same period in 2023, INDF's financial burden was only Rp 779.47 billion.

As a result, the net income for the period attributable to the parent entity INDF reached Rp 2.44 trillion as of March 31, 2024. This shrank by 36.36% YoY from Rp 3.84 trillion.