Dividends reflect rises in profits of Texmaco units<\/p>\n
JAKARTA (JP): Publicly listed PT Texmaco Perkasa Engineering,
\nPT Polysindo Eka Perkasa and PT Texmaco Jaya, -- all under the
\nTexmaco group -- will pay cash dividends of Rp 90 (4 U.S. cents),
\nRp 60 and Rp 30 per share respectively, the companies said
\nyesterday.<\/p>\n
The cash dividend payouts represent respectively 33 percent,
\n39 percent and 43 percent of their respective total net profits
\nlast year.<\/p>\n
Textile machinery producer and engineering service company
\nTexmaco Perkasa Engineering said after its annual shareholders
\nmeeting yesterday that its net profit increased 143 percent to Rp
\n65.8 billion last year from Rp 27 billion in 1995.<\/p>\n
Its total sales rose 140 percent to Rp 405.8 billion in 1996
\nfrom Rp 168.8 billion in 1995.<\/p>\n
Its total assets continued to rise to Rp 605.3 billion as of
\nDecember 1996 from Rp 306.9 billion in 1995.<\/p>\n
The company said it had started producing rotary printing
\nmachines under a technical cooperation agreement with Italy's MS
\nMachinery and System.<\/p>\n
\"The new machine will increase the speed and efficiency of
\ncloth printing compared to the conventional flatbed screen
\nprinter,\" the company said.<\/p>\n
Texmaco Perkasa will also sign a technical cooperation
\nagreement with ICBT Diedrichs of France to produce telescopic
\nrapier looms in the third quarter of this year. The company did
\nnot give further details.<\/p>\n
Texmaco Perkasa Engineering, established in 1982, operates
\nfour divisions: textile machinery, heavy engineering and
\nfabrication, machine tools and automotive components.<\/p>\n
Integrated polyester producer PT Polysindo Eka Perkasa said
\nits net profit increased 39 percent to Rp 169.8 billion from Rp
\n122.1 billion.<\/p>\n
Polysindo's net sales rose 45.9 percent to Rp 1.4 trillion
\nlast year from Rp 963.7 billion in 1995.<\/p>\n
Its total assets almost doubled to Rp 2.3 trillion as of the
\nend of last year from Rp 1.3 trillion in 1995.<\/p>\n
Polysindo produces a wide range of textile products, including
\npolymer, polyester chips, staple fiber, filament yarn and
\nclothing. It also produces its own purified terephtalic acid as
\nfeedstock for polymer and polyester chip.<\/p>\n
Textile producer Texmaco Jaya said it booked a total net
\nprofit of Rp 50.2 billion last year, a 19 percent increase from
\nRp 42 billion in the previous year.<\/p>\n
Its total assets increased to Rp 763.9 billion in December
\n1996 from Rp 614.1 billion in 1995.<\/p>\n
The company is increasing its weaving and finishing production
\ncapacity to 160 million yards and 228 million yards respectively
\nthis year, from 97 million yards and 160 million yards last year.<\/p>\n
Texmaco Jaya, in a partnership with Helly Hansen of Norway, is
\nbuilding a coated fabrics plant in Karawang, West Java. The
\nplant, with an annual capacity of 485,000 yards of coated
\nfabrics, will start commercial production in the forth quarter of
\nthis year.<\/p>\n
Texmaco Jaya runs an extensive distribution network for
\ntextiles both domestically and internationally. It exports
\ntextiles, mostly from the Texmaco Group, to 50 countries.
\n(09\/rid)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/dividends-reflect-rises-in-profits-of-texmaco-units-1447893297",
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