Sep 24, 2011

Metland to distribute Rp1.32 dividend

Property developer PT Metropolitan Land Tbk (Metland) will distribute a Rp1.32 per share interim dividend on October 28 2011.
Corporate Secretary Olivia Surodjo said in total, the company plans to distribute Rp10 billion, a 15% of its net profit in the first half of this year.  
"The interim dividend is small. But, if we can add profit, we will distribute a final dividend," she said as quoted by Bisnis Indonesia today.
Cum dividend is scheduled on October 14 and ex dividend is set on October 17 2011. In the first half of this year, Metland booked Rp63.19 billion net profit, a 183.61% jump from Rp22.28 billion at the same period last year. Revenue rose 71.75% to Rp245.85 billion from Rp143.14 billion.

Disclosure: No position at the stock mentioned above.

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