Ometraco pays dividend<\/p>\n
JAKARTA (JP): Ometraco Corporation's annual shareholders'
\nmeeting yesterday approved a cash dividend of Rp 50 (2 U.S.
\ncents) a share for 1996.<\/p>\n
The company said its net income last year increased 22 percent
\nto Rp 66.3 billion, from Rp 54.4 billion in 1995, with its
\nfinancial services and consumer divisions contributing most of
\nthe growth.<\/p>\n
But Ometraco said its infrastructure division was affected by
\nthe \"unexpected policy of a major customer in the public sector
\nto reduce its purchases to a minimum\".<\/p>\n
\"The impact on the division was somewhat cushioned by the
\nextensive customer base that the company has developed in the
\nprivate sector,\" Ometraco said.<\/p>\n
Ometraco is owned 65.9 percent by the Santosa family and has a
\n9.7 percent strategic holding by Morgan Stanley Capital Partners.<\/p>\n
The company has businesses in financial services, consumer
\nproducts and infrastructure.<\/p>\n
Its listed subsidiaries include Japfa Comfeed Indonesia, in
\nwhich it has a 51 percent interest; Multibreeder Adirama
\nIndonesia, which is 73.06 percent owned by Japfa Comfeed; and
\nBank Tiara Asia and Trafindo Perkasa, in which it has 51 percent
\nin both. (pwn)<\/p>",
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"sponsor": "Okusi Associates",
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