Indofood Reports Strong Financial Performance for 2024

Story Highlights
  • First Pacific’s subsidiary, Indofood, reported increased net sales and gross profit.
  • Indofood’s comprehensive income highlights its strong market position and efficiency.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Indofood Reports Strong Financial Performance for 2024

The latest announcement is out from First Pacific Co ( (HK:0142) ).

First Pacific Company Limited has announced the audited consolidated financial results of its subsidiary, PT Indofood Sukses Makmur Tbk, for the year ended 31 December 2024. Indofood reported a net sales increase to IDR 115.8 trillion and a gross profit of IDR 40.1 trillion, reflecting a robust financial performance. The company’s income for the year rose to IDR 13.1 trillion, with total comprehensive income reaching IDR 12.5 trillion. These results underscore Indofood’s strong market position and operational efficiency, benefiting both equity holders and non-controlling interests.

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 subsidiary, PT Indofood Sukses Makmur Tbk, is a leading Indonesian company involved in the production of consumer food products, with a significant market presence in Indonesia.

YTD Price Performance: 17.88%

Average Trading Volume: 20,207

Technical Sentiment Signal: Sell

Current Market Cap: $2.79B

For detailed information about 0142 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App