Nov 10, 2010

Sepatu Bata to pay Rp1,300 dividend

Publicly listed shoe maker PT Sepatu Bata Tbk (BATA) aims to distribute Rp1,300/share or Rp16.90 billion interim dividend on December 16 2010
In the public statement to Indonesia Stock Exchange (IDX), Sepatu Bata's commissioner board has approved the dividend distribution on November 3 2010.
The company will take the dividend from its net profit ended September 30 2010 of Rp49.50 billion.
Sepatu Bata recently announced a 27.41% increase in net income during the first 9 months ended September 30 2010 as a result of a slight advanced of net sales as well as an attempt to reduce cost of goods sold.
The shoe maker posted Rp49.50 billion net income or Rp3,808 per share in 9M 2010 from Rp38.85 billion or Rp2,988 per share in 9M 2009.

Disclosure: No position at the stock mentioned above.  

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