JAKARTA (Yosefardi) – Shares of PT Kino Indonesia Tbk (KINO) gained 1.7% to Rp3865 per share at its trading debut this morning with trading volume of 7.35 million shares. While the market index was in red.
KINO is the second largely traded stocks this morning, behind Kalbe Farma. KINO engages in integrated consumer goods manufacture and distribution activites with product such as body cares, foods and beverages, and phamacies.
KINO listed 1.42 billion shares at Indonesia Stock Exchange (IDX). It has offered 228.57 million shares through the initial public offering (IPO), priced at Rp3800 per share. The company raised total proceeds of Rp868.57 billion.
The IPO proceeds will be used to fund acquisition (27%), capital expenditure (50%), and working capital (23%).
KINO booked net profit of Rp141.33 billion in first half of 2015 on revenues of Rp1.74 trillion. In 2014, it booked net profit of Rp104.16 billion on revenues of Rp3.34 trillion. As at June 2015, KINO’s assets reached Rp2.21 trillion while liability amounted Rp1.38 trillion.