INDF – Booked sales of IDR30.54 tn in 1Q23

The Indofood Sukses Makmur (INDF) sales value rose 11% yoy, but operating profit fell 5% yoy to IDR4.97 tn due to corrected CPO prices. Nevertheless, INDF posted a od operating profit margin of 16.3% and operational performance that grew 13% yoy to IDR2.9 tn. (Source : Investor Daily)