Indonesia's Indofood H1 net profit more than doubles on strong sales

JAKARTA (Thomson Financial) - Indonesia's largest instant noodle maker PT
Indofood Sukses Makmur Tbk said on Friday its consolidated net profit in
the six months to June more than doubled, driven by stronger sales.

Net profit rose to 827.45 billion rupiah ($90.36 million) in the first
half from 367.18 billion rupiah a year earlier.

Sales climbed 53.8 percent to 18.92 trillion rupiah.

Operating profit grew 159.3 percent to 2.58 trillion rupiah from 994.03
billion rupiah.

Indofood said its consolidated results include the first-half result of PT
Perusahaan Perkebunan London Sumatra Indonesia (Lonsum), which it bought
last year.

It said its consumer branded products, which include noodles, food
seasonings, snack foods and nutrition and special foods, posted sales
growth of 30.3 percent.

Indofood said sales at its flour-producing unit Bogasari grew 42.3
percent, sales at its agribusiness division surged 137.4 percent, while
sales at its distribution division climbed 28.5 percent.


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