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9M Results: Unilever, Matahari, Link Net

Unilever Indonesia (UNVR), the market leader for home and personal care, generated a net profit of Rp5.44 trillion in the 3.62 trillion in the first nine months to September (9M) of 2020, declined 1.3% year on year (y/y) as operating profit fell 5.7% y/y to Rp7.09 trillion. Revenue increased 0.1% to Rp32.4 trillion, with home and personal care contributing Rp22.79 trillion, while food and refreshment contributed Rp9.66 trillion.

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9M Results: Unilever, Matahari, Link Net

Unilever Indonesia (UNVR), the market leader for home and personal care, generated a net profit of Rp5.44 trillion in the 3.62 trillion in the first nine months to September (9M) of 2020, declined 1.3% year on year (y/y) as operating profit fell 5.7% y/y to Rp7.09 trillion. Revenue increased 0.1% to Rp32.4 trillion, with home and personal care contributing Rp22.79 trillion, while food and refreshment contributed Rp9.66 trillion.

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Freeport-Mcmoran Wants to Expand Copper Smelter in Gresik

American miner, Freeport-McMoRan Inc., (NYSE: FCX) aimed to expand its existing copper smelter at Gresik, East Java by 30 percent, said the company yesterday. The company also wants to adding a precious metals refinery in place...

Oil Remains Stuck Around $40

Oil prices have been stuck near $40 a barrel since June as the outlook for oil demand was clouded by the reimposition of mobility curbs. Putting more downward pressure on prices was the resumption of Libyan oil exports as...

FDI Into Indonesia Rises 1.1% YoY in Q3

Foreign direct investment into Indonesia rose 1.1% year-on-year to Rp106.1 trillion in the September quarter of 2020, the biggest amount in 1-1/2 years, and the first increase in three quarters, after a 6.9% shrink in the...

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On Joker’s Case : Objections

A week ago the most awaited trial of the year finally started. The East Jakarta District Court began parallel examinations of three defendants for letter forgery and obstruction of justice related to efforts in assisting Joko Tjandra’s escape from punishment. The defendants are Joko Tjandra himself, advocate Anita Kolopaking, and Brigadier General (Pol) Prasetijo Utomo. During the hearings held on October 20, 2020, the defendants read their objections. It is not a surprise that they refuse to admit to the allegations. 

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