Personal care producer PT Mandom Indonesia Tbk (TCID) booked net loss of Rp124.7 billion last year against net profit of Rp38.12 billion in 2023. Unilever Indonesia (UNVR), a substantially bigger personal care player, recorded net profit of Rp3.37 trillion last year despite lower sales revenues like Mandom. What’s going on? To subscribe please click here
