JAKARTA (TheInsiderStories) - The consumer firm, PT Unilever Indonesia Tbk (IDX: UNVR) announced today to distributes interim dividend with total amount of Rp3.319 trillion (US$235.39 million) or Rp87 a share on Dec. 17, it said today. Last year, the issuer also shared the interim dividend at Rp430 a unit.
“The company’ board of directors has decided to distribute interim dividends for the financial year ending Dec. 31, 2020,” wrote the management on Tuesday (11/24).
In 2019, Unilever booked a net profit of Rp3.62 trillion. In nine months of this year, the manufacturer posted a net profit of Rp5.44 trillion, or corrected by 1.27 percent from the same period last year of Rp5.51 trillion, caused the COVID-19 pandemic.
in July, its parent, global consumer goods producer, Unilever Plc (AMS: UNA) said will retained the tea businesses in Indonesia and India, following a strategic review that began early of this year. The review has resulted the tea business with valued of EUR2 billion (US$1.72 billion) will be separated into an independent entity.
Recently, its parent the Anglo-dutch’ Unilever Plc, announced to divest part of its unit share and has has received interest from some of the top buyout firms, including Advent International, Bain Capital, KKR, Blackstone and others. In June, the producer announced to become one single legal entity in the United Kingdom by buying things with equity or de-merging parts of the business.
“From the start of the COVID-19 crisis, we have been guided by clear priorities in line with our multi-stakeholder business model to protect our people, safeguard supply, respond to new patterns of consumer demand, preserve cash and support our communities,” CEO Alan Jope said in a written statement released on July 23.
For the rest of 2020, he asserted, the will continue to be volume led competitive growth and creates an absolute profit and cash delivery. The spread of virus combined with the lockdowns and restrictions that have been implemented in many countries, has led to significant changes in the operating environment in the Unilever markets.
In the second half of this year, he expect to see higher brand and marketing investment, as lockdowns ease and product innovations tailored to the new environment. To reached those targets, said Lope, the company delivered free cash flow of EUR2.9 billion ($2.32 billion), an increase of EUR1.3 billion driven by favorable working capital movements, reduced capital expenditure and lower cash tax paid.
US$1: EUR0.86, Rp14,100
Written by Editorial Staff, Email: theinsiderstories@gmail.com
