TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Unilever Indonesia stocks see tenfold increase in 35 years

Prima Wirayani (The Jakarta Post)
Jakarta
Wed, January 11, 2017

Share This Article

Change Size

Unilever Indonesia stocks see tenfold increase in 35 years Unilever Indonesia president director Hemant Bakshi (wearing green batik) opens the Indonesia Stock Exchange (IDX) for trading in South Jakarta on Jan. 11. (JP/Prima Wirayani)

P

ublicly listed consumer goods giant Unilever Indonesia has seen it stock value skyrocket by more than a thousand percent over the 35 years it has been listed on the bourse.

If an investor bought 1,000 shares at our initial public offering IPO, which [at the time] were worth Rp 3,175 (24 US cents) apiece, its current investment value would be worth Rp 5 billion today, Unilever Indonesia president director Hemant Bakshi said before opening the bourse's trading day on Wednesday.

"We truly believe that our fortune has been closely linked with the country," he said.

Shares of Unilever Indonesia, the local arm of—Anglo-Dutch multinational company Unilever NV and Unilever Plc, opened the trading day at Rp 40,500, an increase of almost 1 percent from its previous close. 

The firm's assets stood at Rp 16.75 trillion as of September last year compared to Rp 140.4 billion recorded during its initial public offering (IPO) in 1982, while sales had soared to Rp 30.1 trillion from Rp 159 billion.

"We believe we will be in the country for more than the 35 years we have reached now, doing even better and bigger business," he said.

The Jakarta Composite Index (JCI), the IDX's main gauge, opened at 5,316.15 on Wednesday or 0.12 percent higher than its previous close. (bbn)

{

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.