REPUBLIKA.CO.ID, JAKARTA -- PT Indofood Sukses Makmur Tbk.'s (INDF) profit for the period, which could be distributed to owners of the parent body, had reached Rp2.29 trillion in the first semester up from Rp1.70 trillion from the same period last year.

"We are delighted with the achievement in the first semester, as we have recorded excellent sales and net profit growth," the company's president director and CEO, Anthony Salim, said in a press statement received here on Tuesday.

He said the company's performance organically had also grown well, driven by significant improvement in the performance of its agribusiness group.

"The company could maintain good performance owing to the resilience of its business model, which consists of five strategic business groups that are complementary to each other," he said.

Anthony said the company's consolidated net sales in the first semester rose 26.5 percent to Rp34.07 trillion from Rp26.93 trillion in the same period last year.

With regard to the five strategic groups' contribution to consolidated net sales, the Branded Consumer Product Group (CBP) contributed 44 percent, Bogasari 24 percent, agribusiness 17 percent, distribution seven percent, and vegetable processing and cultivation eight percent.

The CBP Group covering instant noodles, snacks, food seasoning, nutrition, and special foods and beverages recorded 23.8 percent in total sales growth, boosted by average sales price hike and increasing sales in the beverage division.

The company's gross profit in the first semester meanwhile was recorded up 44.8 percent to Rp9.36 trillion from Rp6.46 trillion, while the gross margin rose to 27.5 percent from 24 percent due to a jump in the gross profit of the agribusiness group and contribution from the vegetables processing and cultivation group, among others.

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