Danamon pays dividends<\/p>\n
JAKARTA (JP): The publicly-listed Bank Danamon will distribute
\na cash dividend of Rp 80 (3.6 U.S. cents) per share for its 1994
\nbook year.<\/p>\n
The bank said, in a statement, that the dividend payout plan
\nwas endorsed by the bank's shareholders in an annual meeting on
\nFriday.<\/p>\n
It said that in 1994, the bank's after-tax profit doubled to
\nRp 97 billion from Rp 48 billion in the previous year.<\/p>\n
About Rp 35.84 billion of the 1994 profit would be distributed
\nas dividends to existing shareholders and the remainder would be
\nretained to support the expansion of its networks.<\/p>\n
Total assets of the bank, which is listed on Jakarta and
\nSurabaya stock exchanges, rose by around 28 percent to 10.5
\ntrillion as of last December, from Rp 8.2 trillion as of the end
\nof 1993.<\/p>\n
The statement said that the shareholders approved the
\nappointment of Nienie Narwastu Admajaya as the bank's new
\npresident to replace R. Bientarno.(hen)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/danamon-pays-dividends-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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