Jakarta - PT Indofood CBP Sukses Makmur Tbk (ICBP) posted a profit attributable to owners of around Rp3.309 trillion, a decrease of about 33.40% at the end of September this year from the same period last year, reaching Rp4.969 trillion.

The company's financial report on Thursday (12/1) showed a profit decline due to an increased cost of goods sold of around 21.52% to Rp32.922 trillion from Rp27.090 trillion.

Furthermore, the financial burden nearly quadrupled to Rp4.253 trillion from Rp1.323 trillion.

However, operating profit increased by around 8.23% to Rp9.551 trillion from Rp8.824 trillion.

Net sales also increased by 14.75% to Rp48.909 trillion from Rp42.622 trillion.

"By constantly focusing on maintaining a balance between sales volume growth and profitability, ICBP was able to maintain a positive performance for the first nine months of this year," said President Director and CEO of ICBF Anthoni Salim in a press