Indofood Delivers Higher Sales and Profit for First Pacific Despite Forex Drag
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First Pacific's Indonesian subsidiary, PT Indofood Sukses Makmur Tbk, reported a 7% increase in consolidated net sales to Rp33.89 trillion for Q1 2026, driven by strong demand for consumer food products. Despite a 6% decline in operational income to Rp6.53 trillion due to lower forex gains, net income attributable to equity holders rose 9% to Rp2.96 trillion. Indofood's performance remains robust amid geopolitical tensions, emphasizing sustainable growth and a strong balance sheet, which reassures investors in the consumer staples market.
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