Davomas' dividend Rp 500

Davomas' dividend Rp 500

JAKARTA (JP): PT Davomas Abadi, a publicly-listed cocoa butter
and powder producer, plans to pay Rp 500 (21.5 U.S. cents) per
share dividend, the company said last week.

Davomas reported a 79.6 percent increase in its net profit to
Rp 24.1 billion, surpassing the projection of Rp 22.83 billion
for its 1995 operations.

The company's director of finance, Ernas Krisna Mulya, said on
Friday that the high profit was generated by a 50 percent
increase in net sales to Rp 128.1 billion last year.

He added that the sharp rise in sales was made possible by
the doubling of the company's production capacity to 40,000 tons
since last July and the increasing demand for cocoa products on
the world market. (08)