First Pacific Co ( (HK:0142) ) just unveiled an update.
PT Indofood Sukses Makmur Tbk, a subsidiary of First Pacific Company Limited, reported a 4% increase in consolidated net sales to Rp115.79 trillion for the year ending December 31, 2024. The company’s income from operations rose by 17% to Rp23.09 trillion, with core profit growing by 16% to Rp11.34 trillion, reflecting strong operational performance. Indofood’s President Director and CEO, Anthoni Salim, highlighted the company’s focus on organic growth and maintaining a healthy balance sheet while balancing market share and profitability.
More about First Pacific Co
First Pacific Company Limited is a Hong Kong-based investment management and holding company with interests in consumer food products, telecommunications, infrastructure, and natural resources. Its primary focus is on the Asia-Pacific region, with significant investments in companies like Indofood, a leading food company in Indonesia known for its vertically integrated operations and strong market position.
YTD Price Performance: 17.88%
Average Trading Volume: 20,207
Technical Sentiment Signal: Sell
Current Market Cap: $2.79B
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