Davomas' dividend Rp 500

Mon, 26 Feb 1996

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)

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