Coal Average Selling Price Increase

ICBP managed to book 9M23 sales growth of 4.9% YoY to IDR 51.3 trillion, followed by net profit that significantly grew by 113.3% YoY to IDR 7.1 trillion (vs. 9M22: IDR 3.3 trillion) driven by
unrealized forex gains arising from financing activities. Amidst rising rice prices, 3Q23 Noodles segment sales were able to show positive performance, both QoQ (+13.0%) and YoY (+4.7%), reaching IDR12.8 trillion, as its sales volume grew 9% YoY. Cumulatively for 9M23, Noodles sales recorded a 6.6% YoY increase to IDR38.1 trillion followed by a 3% increase in sales volume. Meanwhile, the Noodles segment’s EBIT margin in 9M23 recorded higher at 25.7% (vs. 9M22: 21.9%).

Asset Growth

ICBP managed to book 9M23 sales growth of 4.9% YoY to IDR 51.3 trillion, followed by net profit that significantly grew by 113.3% YoY to IDR 7.1 trillion (vs. 9M22: IDR 3.3 trillion) driven by
unrealized forex gains arising from financing activities.

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