Indomulti pays dividend

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)