Indofood Reports Strong Financial Growth in 2024

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

See more data about 0142 stock on TipRanks’ Stock Analysis page.