JAKARTA, March 24 (Reuters) - Indonesia's largest instant noodle maker PT Indofood Sukses Makmur Tbk on Friday posted a nearly 40 percent increase in net profit in 2016.
Net profit rose to 4.14 trillion rupiah ($310.72 million) from 2.97 trillion rupiah a year earlier, as revenue and profit margin improved, Indofood said.
"2016 was a very good year for Indofood. We posted our highest record for the bottom line and core profit," Anthoni Salim, Indofood's chief executive, said.
$1 = 13,324.0000 rupiah Reporting by Cindy Silviana and Fransiska Nangoy; Editing by Stephen Coates