JAKARTA (Yosefardi) – PT Indofood Sukses Makmur Tbk (INDF) allocates capital expenditure (capex) of Rp9.6 trillion for this year, a 69% rise compared to Rp6 trillion last year.
About 27% of capex, or Rp2.5 trillion, is allocated to fund the business expansion of unit, PT Indofood Consumer Branded Product (CBP) Sukses Makmur Tbk (ICBP). About 18% capex, or Rp1.72 trillion for PT Bogasari Sentra Flour Mills.
The capex will be funded by INDF’s internal cash. By end March of this year, INDF has cash and cash equivalent of Rp14.57 trillion. While its assets increased 3.8% to Rp81.35 trillion.
INDF booked net sales of Rp16.36 trillion in first quarter of this year, grew by 27% from Rp12.86 trillion in the same period of last year.
INDF targets its revenue to grow by 10-20% to Rp63.5 trillion to Rp69.27 trillion this year. Last year, it booked revenue of Rp57.73 trillion.