Pt Nippon Indosari Corpindo Tbk Reports Earnings Results for the Nine Months Ended September 30, 2020
October 23, 2020 at 05:14 am
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PT Nippon Indosari Corpindo Tbk announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was IDR 2,440,064.693 million compared to IDR 2,462,575.532 million a year ago. Operating income was IDR 161,364.753 million compared to IDR 253,698.467 million a year ago. Net income was IDR 127,190.879 million compared to IDR 211,708.887 million a year ago. Basic earnings per share was IDR 21.61 compared to IDR 34.67 a year ago.
PT Nippon Indosari Corpindo Tbk is an Indonesia-based bakery company. The Company is engaged in the bakery and cake industry and the wholesale of bakery products. The Company operates through three segments: West area, Central area and East area. The Company offers its products under the brand names, Sari Rot and Sari Kue. Its products include white bread, sweet bread and cakes. Its white bread / sliced bread includes peeled white bread, double soft bread, milky soft bread, pandan bread, wheat bread, choco chips bread and raisin bread. Its sweet bread includes chocolate torn bread, cheese torn bread, chocolate cheese torn bread, soft comb bread, soft mattress bread, cream bread, pan milk bread, burger bun, chocolate sandwich and others. Its cakes include Bamkuhen, Dorayaki, Tiramisu, Kastella and cheesecake. The Company operates over 14 strategically located factories with distribution of more than 78,000 points of sale on modern and traditional channels throughout Indonesia.
PT NIPPON INDOSARI CORPINDO TBK 
