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Coal Average Selling Price Increase INDF managed to book 9M23 sales growth of 3.8% YoY to IDR83.9 trillion, this growth was driven by CBP segment growth (+4.8% YoY). 9M23 net profit managed to grow 52.4% YoY to IDR 7.1 trillion followed by NPM expansion to a higher level of 8.4%. Amidst price adjustments and volume decline of 2% YoY, Bogasari’s segment sales contracted 0.5% YoY to IDR 23.2 trillion, bringing its EBIT margin recorded lower at 6.9% (vs. 9M22: 8.3%). In response to lower wheat prices, INDF has adjusted Bogasari segment’s selling prices through 9M23 by 10%-12%. Asset Growth INDF managed to book 9M23 sales growth of 3.8% YoY to IDR83.9 trillion, this growth was driven by CBP segment growth (+4.8% YoY). 9M23 net profit managed to grow 52.4% YoY to IDR 7.1 trillion followed by NPM expansion to a higher level of 8.4%. |
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