PT Miwon approves dividends<\/p>\n
JAKARTA (JP): The shareholders of PT Miwon Indonesia, a major
\npublicly-listed producer of food seasonings, yesterday approved
\nthe management's proposal to pay a dividend of Rp 28.5 (1.2 U.S.
\ncents) per share.<\/p>\n
Speaking at a press conference after yesterday's shareholders
\nmeeting, a company director, Bhakti Salim, said that the
\ndividends will total Rp 2.4 billion (US$1.04 million) or 29
\npercent of the company's 1995 net profits.<\/p>\n
He said his company posted an increase of 104.3 percent in net
\nprofits to Rp 8.4 billion last year against Rp 4.1 billion in
\n1994.<\/p>\n
According to Bhakti, the company's total sales increased by 21
\npercent from Rp 105.1 billion in 1994 to Rp 127.24 billion last
\nyear.<\/p>\n
\"The increase in total sales was a result of rising prices and
\nthe sales volume of monosodium glutamate (MSG) and dry glutamic
\nacid (DGA) on the local and foreign markets,\" he said.<\/p>\n
He said his company expects its net profits to increase by 31
\npercent to Rp 11 billion this year and its total sales by 17.5
\npercent to Rp 150 billion.<\/p>\n
\"During the first quarter of this year we already gained a net
\nprofit of Rp 2.5 billion,\" he said.<\/p>\n
The company, which currently produces food seasonings,
\nflavored table salt and jelly powder, is now trying to diversify
\nits business interests into the production of mineral water,
\nsauces, confectionery, yeast, packaging and printing.<\/p>\n
\"This expansion will be realized next year,\" Bhakti said,
\nwithout giving further details.<\/p>\n
Miwon Indonesia is 42.35 percent owned by Miwon Co., Ltd and
\n14.12 percent by Sewon Co., Ltd., both of South Korea, 13.41
\npercent by PT Intiputra Fikasa, 0.71 percent by Kayo Salim and
\n29.41 percent by the investing public. (13)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/pt-miwon-approves-dividends-1447893297",
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"sponsor": "Okusi Associates",
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