Unilever Distributes IDR336 per Share of Interim Dividend

Unilever Indonesia will distribute interim dividend of IDR2.56trn or 91.4% from 1H14 net profit or equivalent to IDR336/share. Dividend cum date for regular & negotiation market is scheduled on 2 December 2014. On the other hand, currently the company is focusing on the development of IDR2trn oleo chemical plant in Sei Mangkei, North Sumatera that is estimated to be operational in 1Q15. The plant will have production capacity of 200k tonnes per year. Management stated that 20% of the production will be consumed domestically while the majority 80% will be exported.

On the other hand, Unilever Indonesia will expand the ice cream division and will allocate additional IDR400bn of capex this year to IDR1.4trn. The company intends to expand sales volume to offset the impact of depreciating IDR with estimated 50-55 new products coming out this year.