Jakarta, CNBC Indonesia – Indomie instant noodle producing company, PT Indofood CBP Sukses Makmur Tbk. (ICBP), announced a profit for the current period attributable to owners of the parent entity of IDR 8.15 trillion until the end of the third quarter of 2024. This number shot up 15.42% on an annual basis or year on year (yoy) from the previous year’s IDR 7.06 trillion.
Quoting the latest financial report, this profit surge was driven by an increase in consolidated net sales of 8.14% yoy to IDR 55.48 trillion from IDR 51.31 trillion in the same period last year.
Of these sales, instant noodle sales contributed IDR 41.32 trillion in the first nine months of this year, up 8.42% yoy and contributed 74.47% of ICBP’s total revenue.
Meanwhile, operating profit from the instant noodle sales segment was recorded at IDR 10.67 trillion or 86% of ICBP’s total operating profit as of the end of September which reached IDR 12.40.
Anthoni Salim, President Director and Chief Executive Officer of ICBP, said that the company’s business activities remained resilient in the nine month period of 2024, with all of them able to record growth in sales and operating profits.
“In the future, we will always adapt to changes dynamically but still prioritize the principle of prudence in achieving sustainable growth and maintaining a healthy financial position,” explained Anthoni Salim in an official statement to investors.
ICBP’s total assets were recorded to have increased from IDR 119.26 trillion at the end of 2023 to IDR 124.19 trillion as of September 30 2024. Then, the company’s equity was recorded to have increased to IDR 67.71 trillion.
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Indomie Profits: The Noodle that Just Won’t Quit!
Jakarta, CNBC Indonesia — Now, hold on to your chopsticks, folks, because the instant noodle juggernaut, PT Indofood CBP Sukses Makmur Tbk. (ICBP), has just dropped a profit bombshell for the third quarter of 2024, raking in an astonishing IDR 8.15 trillion! That’s a 15.42% jump from last year’s IDR 7.06 trillion. It appears that while the world was busy focusing on the price of rice, the Indonesians were happily slurping down noodles and saving their chips!
What’s fueling this noodle explosion? Well, it’s simple: their consolidated net sales have climbed a cozy 8.14% year on year, landing at a hefty IDR 55.48 trillion. That’s right, in a world where everyone seems to be tightening their belts (both literally and metaphorically), Indomie has found a way to pop the sashimi on their financial statements like a rubber chicken at a bad magician’s show.
When we take a closer look, instant noodle sales alone contributed a jaw-dropping IDR 41.32 trillion in the first nine months of this year – that’s up 8.42%. You could say Indomie noodles are the true champions of the culinary world. After all, they’ve taken home a whopping 74.47% of ICBP’s total revenue. Talk about a noodle race; clearly, these guys are lapping the competition by a mile!
Now, let’s break it down a notch. The operating profit from the instant noodle sales sits at IDR 10.67 trillion, which accounts for 86% of ICBP’s total operating profit. So, if you were ever wondering about the secret ingredient in their noodles, I think it involves a hefty dose of profitability. It seems that while some companies are struggling to make ends meet, Indomie is out here counting its cash like it’s confetti.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, is clearly optimistic, stating that “the company’s business activities remained resilient.” A bit like their noodles—resilient, adaptable, and with a good amount of rubber in them, I might add. He promised that the company would “dynamically adapt to changes” while keeping a “principle of prudence” front and center. Now that sounds about as exciting as watching paint dry, but we all know how vital prudence is in these noodle-laden waters!
The cherry on top of this noodle sundae? ICBP’s assets grew from IDR 119.26 trillion at the end of 2023 to IDR 124.19 trillion as of September 30, 2024. They’ve only added to their wealth, and their equity stands proudly at IDR 67.71 trillion. If money could be turned into noodles, ICBP would be the pasta mogul of the century!
So, there you have it! Indomie continues to stir the pot, proving that while the rest of the world may be worrying about inflation, supply chain disruptions, or even the bloody state of politics, one thing remains clear: if you need a quick pick-me-up, just grab a steaming bowl of Indomie noodles, and watch your troubles boil away.
This has been your cheeky noodle commentary—a reminder that when life gives you lemons, make a noodle soup! Who knows, maybe one day you’ll have your own Indomie empire!
(Written with a sprinkle of humor and a side of sincerity)
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Jakarta, CNBC Indonesia – PT Indofood CBP Sukses Makmur Tbk. (ICBP), the renowned producer of Indomie instant noodles, reported a remarkable profit attributable to the company’s parent owners amounting to an impressive IDR 8.15 trillion by the conclusion of the third quarter of 2024. This figure marks a substantial increase of 15.42% year-on-year, surging from IDR 7.06 trillion recorded during the same timeframe last year.
According to the most recent financial disclosures, this profit increase can be largely attributed to a robust uptick in consolidated net sales, which rose by 8.14% year-on-year, reaching IDR 55.48 trillion compared to IDR 51.31 trillion in the corresponding period a year ago.
Notably, sales from instant noodles alone accounted for a significant portion of revenue, generating IDR 41.32 trillion in sales during the first nine months of this year. This represents an 8.42% year-on-year increase, and instant noodles contributed an impressive 74.47% to ICBP’s total revenue during this period.
Additionally, the operating profit derived from the instant noodle sales segment amounted to IDR 10.67 trillion, which constitutes 86% of ICBP’s overall operating profit of IDR 12.40 trillion by the end of September.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, expressed optimism regarding the resilience of the company’s operations during the first nine months of 2024. He noted that all segments within the business experienced growth in both sales and operating profits.
“In the future, we will always adapt to changes dynamically but still prioritize the principle of prudence in achieving sustainable growth and maintaining a healthy financial position,” explained Anthoni Salim in an official statement aimed at investors.
In terms of financial health, ICBP reported total assets climbed from IDR 119.26 trillion at the end of 2023 to IDR 124.19 trillion as of September 30, 2024. Furthermore, the company’s equity saw an increase, reaching IDR 67.71 trillion during the same period.
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Video: Bank Mandiri Profit Reaches IDR 42 Trillion as of September 2024
IDR 51.31 trillion in the previous year. This surge in sales underscores the resilience and popularity of the Indomie brand despite broader economic challenges.
In this period, instant noodle sales were a major contributor, generating IDR 41.32 trillion, reflecting an 8.42% year-on-year increase. Such performance highlights that instant noodles account for a significant 74.47% of ICBP’s total revenue, proving to be a staple in many households.
Moreover, the operating profit derived from instant noodle sales was recorded at IDR 10.67 trillion, making up 86% of the total operating profit of IDR 12.40 trillion for the company as of the end of September. This data suggests that the instant noodle segment is not only vital for revenue generation but also a substantial contributor to overall profitability.
Anthoni Salim, the President Director and CEO of ICBP, expressed his optimism regarding the company’s performance, indicating that all business segments were able to achieve growth in both sales and operating profits during the first three quarters of 2024. He emphasized the company’s commitment to adapting to market changes while maintaining a prudent approach to ensure sustainable growth and a healthy financial standing.
ICBP’s financial health is further evidenced by its total assets, which grew from IDR 119.26 trillion at the end of 2023 to IDR 124.19 trillion by September 30, 2024. The company’s equity also saw a boost, amounting to IDR 67.71 trillion, indicating a strong foundation for future expansion and investment.
As the world navigates various challenges, ICBP’s stellar performance serves as a testament to the enduring appeal of its products, particularly Indomie instant noodles, which continue to win the hearts (and taste buds) of consumers.
