May 27, 2011

Sucaco to distribute Rp90/share dividend

PT Supreme Cable Manufacturing & Commerce Tbk (Sucaco) sets dividend payment at Rp18 billion or 30% of last year’s net income, reaching Rp60.8 billion.
The company also allocated Rp3 billion reserved fund while the remaining is channeled as retained earnings, said Sucaco Vice President Director Bayu A. Soepono.
“We will pay dividend at Rp90 per share or around Rp18 billion to listed shareholders on 24 June 2011. It will be paid on 11 July 2011,” he said today.
Last year, the company focusing on cable industry recorded Rp60.8 billion net income or soared by three folds compared to Rp16.5 billion in the previous year. Such profit jump is in line with company’s revenue growth at 45.58% to Rp2.2 trillion compared to Rp1.5 trillion in 2009.

Disclosure: No position at the stock mentioned above.
 
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