May 19, 2011

BTN to distibute Rp31.19/share dividend

The state-controlled PT Bank Tabungan Negara Tbk (BTN) has been approved by its shareholders to distribute Rp31.19 per share dividend.
In total, BTN will distribute Rp274.78 billion dividend to its shareholders. The bank posted a 86.7% jump in net profit last year to Rp915 billion from Rp490 billion in the previous year. The biggest contributor to the bank's net profit was an increase in loan interest income.

Disclosure: No position at the stock mentioned above.  

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