Earnings Alerts

Indofood CBP Sukses (ICBP) Earnings Soar: 1H Net Sales Up 7.2% Y/Y, Core Profit Rises 20%

  • Indofood CBP’s net sales for the first half of 2024 reached 36.96 trillion rupiah.
  • This marks a 7.2% increase compared to the same period last year, when net sales were 34.48 trillion rupiah.
  • Core profit saw a significant rise of 20%, reaching 5.62 trillion rupiah, up from 4.68 trillion rupiah in the first half of the previous year.
  • Market analysts are very positive about the company’s performance, with 34 buys, 0 holds, and 0 sells.
  • All comparisons are based on figures provided directly by Indofood CBP in their disclosures.

A look at Indofood CBP Sukses Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to the Smartkarma Smart Scores, Indofood CBP Sukses has an overall positive outlook for the long term. The company received decent scores across the board, indicating a promising future. With average scores in Value, Growth, Resilience, and Momentum, Indofood CBP Sukses seems to be on a steady path towards success.

PT Indofood CBP Sukses Makmur Tbk is a comprehensive food solutions company that offers a variety of food products. From sourcing raw materials to producing consumer goods for retail, the company covers every aspect of the food manufacturing process. With a balanced mix of scores highlighting its value, dividend, growth, resilience, and momentum, Indofood CBP Sukses appears to be a stable player in the food industry poised for continued growth.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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