Firm gives bonus shares

Firm gives bonus shares

JAKARTA (JP): PT Bakrie Sumatra Plantations has announced that
it is to split its stocks and distribute bonus shares and
dividends.

The company said in a statement that its annual shareholders
meeting yesterday agreed to the company's plans to split stocks
and issue bonus shares. For every five existing shares holders
would be eligible to get nine bonus shares.

It also announced that it would distribute dividends of Rp 400
(US$US$0.17) per share, an Rp 50 increase on last year.

The company's net profit of Rp 33.3 billion in 1995 was an
increase from Rp 24.2 billion in 1994, which mainly resulted from
better world market rubber prices. These increased by 76.2
percent last year.

Its rubber production dropped to 22,629 tons last year from
22,745 tons in 1994.

Meanwhile, at the company's extraordinary shareholders meeting
yesterday, Indra Usmansyah Bakrie was appointed as the company's
new chief commissioner, replacing Soedjai Kartasasmita. (rid)