Gudang Garam 's dividend

SURABAYA (JP): Cigarette maker PT Gudang Garam will pay a total dividend of Rp 288 billion (US$120.25 million) for 1996 or Rp 150 a share.

The company's director, Djajusaman Surjowijono said Thursday that net profit was projected to increase 12 percent to Rp 738 billion this year.

Last year, net profit increased 78 percent to Rp 655 billion in 1996 from Rp 366 billion the year before.

The company, which controlled about 46 percent of the country's cigarette market share, produced 87 billion cigarettes last year.

"The company expected to produce 90 billion cigarettes in 1997," he said (09/nur)