Asiana's bonus shares<\/p>\n
JAKARTA (JP): A publicly-listed toymaker, PT Asiana IMI
\nIndustry, obtained its shareholders' approval to pay dividends of
\nRp 50 (2 U.S. cents) per share and to issue three bonus shares
\nfor every five old shares.<\/p>\n
The company said yesterday the total dividends for the year
\n1995 amounted to Rp 1.5 billion or 52 percent of the company's
\nnet profit of Rp 2.9 billion.<\/p>\n
Last year's profit was far lower than the Rp 4 billion gained
\nin 1994.<\/p>\n
The company also said the issuance of bonus shares will
\nincrease Asiana's total shares to 40 million shares.<\/p>\n
Asiana's net sales last year rose 44 percent to Rp 22.5
\nbillion last year over 1994.<\/p>\n
The company's president, Edward Sumarli, said the
\ndisappointing earnings were mainly due to a big loss suffered by
\nAsiana's subsidiary PT Amara Plastic Industries, in which Asiana
\nhas a 70 percent stake.<\/p>\n
\"Therefore, we proposed to divest our shares in the company,\"
\nSumarli said.<\/p>\n
He said that the shareholders approved the company's
\ndivestment plan to sell its Aneka Plastic shares at Rp 3.2
\nbillion, slightly above the purchasing price of Rp 3.1 billion.
\n(alo)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/asianas-bonus-shares-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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