Indomulti pays dividend

JAKARTA (JP): PT Indomulti Inti Industry, a publicly-listed producer of shoes, announced that it has allocated Rp 3 billion (US$1.2 million) out of its last year's net profit of Rp 50 billion for dividend payment.

The company said in a statement that its sale revenue rose 168 percent from Rp 307 billion in 1994 to Rp 824 billion last year.

Meanwhile, PT Pan Brothers Tex, a textile company, said that it will not pay dividends for the year ended 1995 because it suffered a deficit.

Pan Brother's sale revenue fell from Rp 80 billion in 1994 to Rp 68 billion last year. (alo)