Thu, 27 May 2004

Aqua to pay out Rp 10.5b dividend

JAKARTA: Shareholders of beverage producer PT Aqua Golden Missisipi approved the company's plan on Wednesday to allocate 17 percent of its 2003 net profit for the paying of a dividend this year.

The company, which produces Aqua bottled mineral water, plans to pay out Rp 10.52 billion (US$1.16 million), or Rp 800 per share, as a dividend to its shareholders. The company booked a net profit of Rp 62 billion last year.

The company has projected its sales will increase by 15 percent this year from Rp 1 trillion last year. -- JP