SINGAPORE (Yosefardi) – Petra Foods Limited’s Branded Consumer Business achieved a revenue of US$122.7 million and a PATMI of US$13.8 million for the first quarter ended 31 March 2014 (1Q 2014).
Indonesia remained the main source of revenue for the Group, contributing 71.8% of revenue to the Branded Consumer Division. In constant currency terms, revenue from Indonesia jumped 16.1% in 1Q 2014 from 1Q 2013.
The strong double-digit revenue growth can be attributed to broad based growth of our leading brands across all product categories and in the Premium and Value segments.
Sales of the Group’s Own Brands products also performed well in Indonesia with the chocolate confectionery and biscuits/wafer categories reaching double digit sales growth in constant currency terms. The sales performance of the Own Brands products in Indonesia was backed by an expanded product portfolio as well as the Group’s leading market position.