Indofood Agri Resources’ H1 net profit up 13.4% at 337.8 billion rupiah amid higher commodity prices

Indofood Agri Resources reported a 13.4% increase in H1 net profit to 337.8 billion rupiah, driven by higher commodity prices, particularly in crude palm oil. Revenue rose 33.2% to 9.4 trillion rupiah, with significant contributions from the plantation and edible oil segments. Despite a 10% drop in operating profit for the edible oil segment due to rising costs, the company plans to expand its refining capacity and focus on cost control and innovation. No dividend was declared for the period, and subdued demand is anticipated due to market volatility.