Finance company to give dividends to shareholders

Finance company to give dividends to shareholders

JAKARTA (JP): A finance company has announced a plan to
distribute dividends to shareholders, while a real estate
developer decided to channel its 1993 profit into expansion
programs.

Charles De Queljoe, president of PT Lippo Pacific Finance,
said in an annual meeting of the finance company's shareholders
here on Thursday that the firm will distribute cash dividends of
Rp 50 (two US cents) per share and one dividend share for each
five existing shares to its shareholders from its 1993 after-tax
profits.

He said the company's after-tax profit on a consolidated basis
increased to Rp 6.8 billion (US$3.15 million) last year from Rp
2.3 billion in 1992.

Meanwhile, Trijono Gondokusumo, president of PT Putra Surya
Perkasa, a real estate division of the PSP Group, told a separate
shareholder meeting that the company will use its 1993 profit to
finance the construction of housing projects in Jakarta and its
surrounding areas.

Putra Surya Perkasa's after-tax profit grew by 68.5 percent
from Rp 11.41 billion in 1992 to Rp 19.23 billion last year, he
said.

The company's net revenues soared to Rp 116.40 billion last
year from Rp 27.57 billion in 1992.

Trijono said the company expects to generate a net profit of
Rp 70.2 billion and net revenues of Rp 373.17 billion this year.
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