PT Indofood CBP Tbk (ICBP) recorded 31% growth in profit for the year attributable to the parent entity owners to Rp6.59 trillion in 2020 compared to the previous year of Rp5.04 trillion.

"As a result, the net profit margin increased to 14.1% from 11.9%. Core profit increased by 13% to Rp5.82 trillion from Rp5.16 trillion, "said the President Director of ICBP, Anthoni Salim, in a written statement, Tuesday (23/3).

Also, ICBP also succeeded in increasing operating profit by around 24% to Rp9.20 trillion from Rp7.40 trillion, and the operating profit margin increased to 19.7% from 17.5%.

An increase in consolidated net sales of around 10% from Rp42.30 trillion last year to Rp46.64 trillion in 2020 spurred the profit growth.

"Supported by the strength of product brands, a strong integrated business model, and an extensive distribution network, even in the midst of a pandemic, ICBP can again record a good performance by continuously adapting dynamically to changing trends and consumer behavior that is happening continuously. fast, "he said.