Indofood Agri Company profile
About Indofood Agri Resources Ltd
Indofood Agri Resources Ltd. is an investment holding company. The Company operates through two segments: Plantations and Edible oils and fats. The Plantations segment is primarily involved in the development and maintenance of oil palm, rubber and sugar cane plantations and other business activities relating to palm oil, rubber and sugar cane processing, marketing and selling. The Plantations segment is also involved in the cultivation of cocoa, tea and industrial timber plantations. The Edible oils and fats segment produces, markets and sells edible oil, margarine, shortening and other related products and its derivative products.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Indofood Agri Resources Ltd revenues increased 36% to RP19.659T. Net income increased from RP19.91B to RP754.73B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Share of results of associate companies decrease of 76% to RP61B (expense).
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