Indonesian food giant Indofood Sukses Makmur has said it expects its sales to increase by 3-5% this year.
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This compares to a forecast in late 2003 by the company’s chief executive officer of sales growth of 10%, reported Reuters.
“This year the operating profit margin will increase to 12% from 11% last year. Sales will grow between 3% and 5%,” deputy CEO Cesar dela Cruz was quoted as saying.
Indofood is one of the world’s largest makers of instant noodles.
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