Multibreeder to distribute bonus shares<\/p>\n
JAKARTA (JP): PT Multibreeder Adirama Indonesia will distribute
\na cash dividend of Rp 65 per share and one bonus share with a
\nface value of Rp 1,000 for each two existing shares.<\/p>\n
Junus Karman, a director of Multibreeder, said after the
\ncompany's annual shareholder meeting yesterday that the issuance
\nof bonus shares will not change the composition of shareholders.<\/p>\n
Multibreeder is 69.22 percent owned by PT Japfa Comfeed
\nIndonesia and 30.78 percent by the investing public.<\/p>\n
Junus said the company gained a net profit of Rp 15.14 billion
\nin 1994, as compared to Rp 10.37 billion gained in 1993.<\/p>\n
The company's production of day-old chicks (DOC) increased
\nfrom 50 million in 1993 to 80 million in 1994, while its sale
\nrevenues rose from Rp 41.4 billion to Rp 70.3 billion, he said.<\/p>\n
\"The company will increase its production to 100 million DOC
\nin 1995,\" he added.<\/p>\n
Multibreeder, which produces chicks from grandparents and
\nparent stocks in its breeding facilities in Lampung and East and
\nWest Java, plans to build breeding units in other parts of
\nIndonesia to meet the increasing demand on the domestic market.<\/p>\n
Last December, the company received a syndicated loan of US$15
\nmillion from foreign banks under the arrangement of Sanwa Bank of
\nJapan. (32)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/multibreeder-to-distribute-bonus-shares-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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