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Unilever Indonesia sees Q1 profit rise

Consumer goods maker PT Unilever Indonesia Tbk saw its net profit grow to 1.961 trillion Indonesian rupiah in the first quarter ended March 31, up from 1.570 trillion rupiah in the year-ago period.

The company, a subsidiary of Unilever NV, recorded basic EPS of 257 rupiah for the first three months of the year, up from 206 rupiah for the same period in 2016.

Net sales for the quarter were 10.846 trillion rupiah, an increase from 9.988 trillion rupiah in the year-ago period. Cost of goods sold rose to 5.219 trillion rupiah from 4.968 trillion rupiah in the first quarter of 2016.

Operating profit came in at 2.661 trillion rupiah, compared with 2.147 trillion rupiah a year earlier.

The S&P Capital IQ consensus EPS estimate for the quarter was 241.70 rupiah on both a normalized and GAAP basis.

As of April 27, US$1 was equivalent to 13,317 Indonesian rupiah.