Apr 18, 2011

Holcim to distribute Rp23 dividend

Indonesia's third largest cement maker PT Holcim Indonesia Tbk (SMCB) plans to distribute Rp23 per share dividend or 21.3% of its net income last year of Rp828.42 billion. The dividend will be distributed in May.
Holcim President Director Eamon J. Ginley said revenue will be boosted by domestic sales volume and asphalt business.
"We estimate 2011's sales volume to rise 6%," Ginley said after annual of shareholders general meeting today.
Holcim is now seeking an external financing in a bid to support establishment of cement factory in Tuban, East Java, with total investment of US$450 million.
The new factory will have production capacity of 1.7 million tons. "We will construct the factory with internally generated cash flow and bank loan facility."

Disclosure: No position at the stock mentioned above.  

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