HONG KONG (Yosefardi) – First Pacific Company Ltd, controlled by Salim Group, reported that its Indonesian’s entity, PT Indofood Sukses Makmur Tbk (INDF), contributed US$159.6 million to First Pacific in 2013, declined 6% from US$170.1 million in 2012.
The lower contribution principally reflected a 10.7% depreciation of the average rupiah rate againts the US dollar, partly compensated by higher core net income which increased 3% in rupiah terms.
As at December 2013, Indofood recorded gross debt of Rp27.4 trillion (US$2.2 billion), up from Rp15.3 trillion (US$1.6 billion) as at 31 December 2012.
Of this total, Rp12 trillion (US$0.9 billion) mature within 2014. The remaining borrowings of Rp15.4 trillion (US$1.3 billion) mature between 2015 and 2020.
First Pacific booked profit of US$235.3 million (HK$1.83 billion) in 2013, fell 33.4% from US$353.3 million (HK$2.75 billion) in 2012. Turnover increased by 3.6% to US$6.21 billion (HK$48.41 billion).