Nov 1, 2010

AKR Corporindo to distribute dividend

PT AKR Corporindo Tbk (AKRA), Indonesia’s largest private distributor of basic chemical and petroleum, today announced interim dividend of Rp30 per share or in aggregate of Rp113.79 billion.
In a press statement obtained by Bisnis today, the board of commissioners of AKR Corporindo approved the proposal of BoD and the dividend is payable on December 9, 2010 to shareholders of record as of November 24, 2010.
The company reported an increase of 17% YoY in net profit to Rp25 billion during the 9 months of 2010.
In the last 6 years, AKR Corporindo has consistently made a payout of cash dividend of over 30% of its net profit. 

Disclosure: No position at the stock mentioned above.  

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2 comments:

Anonymous said...

Pak Wisnu

It should read Rp 30 per share interim dividend

Insider Stories said...

Thanks for your input...you're right it should be Rp30/share.