Indofood Sukses Makmur tbk PT Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2011; Provides Sales Guidance for Year 2012
March 20, 2012 at 12:51 am EDT
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Indofood Sukses Makmur tbk PT announced audited consolidated earnings results for the year ended December 31, 2011. For the period, net sales were IDR 45,332,256 million, income from operations was IDR 6,851,019 million, income before income tax benefit was IDR 6,352,389 million and income attributable to equity shareholders was IDR 3,077,180 million or IDR 350 per basic share compared to net sales of IDR 38,403,360 million, income from operations of IDR 6,296,063 million, income before income tax benefit of IDR 5,432,375 million and income attributable to equity shareholders of IDR 2,952,858 million or IDR 336 per basic share for the same period a year ago. Net cash provided by operating activities was IDR 4,968,991 million compared to IDR 6,989,734 million for the same period a year ago. Additions to fixed assets, plantation and sugar cane plantation was IDR 2,906,415 million compared to IDR 2,567,110 million for the same period a year ago.
The company expects sales to continue growing even as increasing competition raises pressure on margins and raw material price volatility complicates the business environment in 2012. It will continue expanding production capacities, particularly in dairy and palm oil products, as its agribusiness unit continues to seek new acquisition opportunities both at home and abroad. The consumer branded products business will continue to introduce new packaged foods to meet the needs of Indonesia's increasingly prosperous consumers.
PT Indofood Sukses Makmur Tbk is a total food solutions company. The Company has operations in all stages of food manufacturing, from the production of raw materials and their processing to consumer products in the market. The Company's Consumer Branded Products Business Group produces a range of consumer-branded products, including noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. The Bogasari Business Group is primarily a producer of wheat flour as well as pasta, with business operations supported by its own shipping and packaging units. The Agribusiness Group principal activities range from research and development, seed breeding, oil palm cultivation and milling, to the production and marketing of branded cooking oils, margarine and shortening. The Distribution Business Group distributes various consumer products manufactured by the Company, and its subsidiaries, as well as by third parties, to the market. Its products have various brands.
Indofood Sukses Makmur tbk PT Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2011; Provides Sales Guidance for Year 2012