Company Report | CBP Segment Still Becomes the Growth Driver

Coal Average Selling Price Increase

NDF started its 1Q23 performance by recording a growth in sales of 11.3% YoY. As the largest contributor to sales (60.7% in 1Q23), the CBP segment managed to grow 9.4% YoY, amidst normalization of raw material costs. The increase was driven by almost all segments, with Food Flavouring segment leading the sales growth (+27.1% YoY). Meanwhile, unrealized forex gains from financing activities made net profit grow 63.3% YoY to IDR3.8 trillion.

Asset Growth

NDF started its 1Q23 performance by recording a growth in sales of 11.3% YoY. As the largest contributor to sales (60.7% in 1Q23), the CBP segment managed to grow 9.4% YoY, amidst normalization of raw material costs.