Net profit of Unilever Indonesia was IDR 1.59 trillion (USD $122.3 million) in the first quarter of 2015, up 16.9 percent from the same quarter last year. Meanwhile, the company’s net sales grew 7.8 percent to IDR 9.41 trillion (USD $723.8 million) over the same period.

The company’s finance costs plunged 30.4 percent to IDR 33 billion (USD $2.5 million) compared to the costs in last year’s first quarter. Unilever Indonesia managed to reduce its outstanding bank loans to IDR 100 billion (USD $7.7 million) at the end of the first quarter of 2015, down significantly from IDR 1.25 trillion (USD $96 million) at the end of 2014. The remaining bank loan is from Deutsche Bank AG (Jakarta) and carries an interest rate of 7.65 percent.

Unilever Indonesia also posted strong corporate results as it managed to raise the average selling prices of its products by one percent in Q1-2015. Throughout 2014, the company had raised the average selling price by approximately 8 percent in an effort to offset a possible sales volume decline amid Indonesia’s slowing economic growth pace. Indonesia, Southeast Asia’s largest economy, saw its economic growth slow to a five-year low of 5.02 percent (y/y) in 2014. Growth forecasts for Indonesia’s economy in 2015 only indicate a slight improvement. However, as the products of Unilever Indonesia are mostly sourced from oil-related materials, the company is one of the beneficiaries of worldwide low oil prices.

However, Unilever Indonesia’s royalty fee (to its parent company) has gradually increased in recent years from a maximum of 5 percent in 2013 to 8 percent in 2015. But lower costs due to current low oil prices will be able to compensate for this royalty fee hike.

Shares of Unilever Indonesia have climbed 29.3 percent between the year-start and 23 April 2015.

Stock Quote Unilever Indonesia - UNVR:

The brand portfolio of Unilever Indonesia, one of the largest companies listed on the Indonesia Stock Exchange in terms of market capitalization, includes home & personal care products and foods & refreshment products such as Dove, Blue Band, Wall’s, Pepsodent and Rexona.

Unilever Indonesia's Financial Highlights:

      2008     2009     2010     2011     2012     2013     2014
Net Sales   15,578   18,247   19,690   23,469   27,303   30,757   34,512
Gross Profit    7,631    9,042   10,205   12,006   13,889   15,778   17,099
Net Income    2,407    3,044    3,387    4,163    4,839    5,353    5,739
Operating Income
   3,431    4,215    4,543    5,568    6,498    7,164    7,762
Profit before Tax    3,448    4,249    4,546    5,575    6,467    7,158    7,677
EBITDA    3,574    4,474    4,832    5,929    6,857    7,675
Total Assets    6,505    7,485    8,701   10,482    11,985   12,703   14,281
Total Liabilities    3,398    3,776    4,652    6,801    8,017    8,449    9,682
Basic Earnings
per Share¹
    315     399     444     546     634     701     752
Cash Dividend
per Share¹
    315     399     444     546     634     701

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Unilever Indonesia

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