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View all search resultsUnilever Indonesia’s net income so far this year is down almost 10 percent when compared with 2022, but the consumer goods company did see year-on-year profit grow 1.4 percent in the most recent quarter, thanks to increased sales.
PT Unilever Indonesia, a major manufacturer of fast-moving consumer goods (FMCG), saw its net profit drop 6.8 percent year on year (yoy) to Rp 5.36 trillion (US$354.6 million) in 2022 amid increased input costs.
We are optimistic for 2021, especially seeing that the market and the government is on the move. The first half of the year will be better than last year, but the industry will not be fully recovered yet. However, we see that recovery can happen in the second half of the year, especially if the vaccination process can take less than 18 months.
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