INDF - Posts profit of IDR8.64 tn

INDF - Posts profit of IDR8.64 tn Indofood Sukses Makmur (INDF) recorded impressive performance in terms of both net profit and revenue throughout 2024. Citing the information disclosure, Wednesday (26/3), INDF recorded a profit of IDR8.64 tn in 2024. The earnings increased by 6.07% yoy compared to the same period the previous year, which was IDR8.14 tn. Thus, the basic earnings per share increased to IDR984, up from IDR928. Meanwhile, the company's net sales were recorded at IDR115.78 tn in 2024, an increase of 3.65% yoy compared to the 2023 period of IDR111.7 tn. The company's cost of goods sold was recorded at IDR75.64 tn, a slight decrease from IDR75.65 tn. Thus, the net sales after deducting the cost of goods sold resulted in a gross profit of IDR40.13 tn, an increase from IDR36.05 tn. In detail, sales from branded consumer products were recorded at IDR73.32 tn, Bogasari at IDR30.55 tn, agribusiness at IDR15.95 tn, and distribution at IDR7 tn. The total sales were reduced by elimination costs of IDR11.05 tn. (Source : Kontan) Comment : INDF has demonstrated solid growth in both revenue and profit. The increased net profit margin shows that the company has become more efficient at turning sales into profit. The increased EPS is a positive signal for investors, indicating that the company is generating more value for its shareholders.