Jababeka pays dividend

Jababeka pays dividend

JAKARTA (JP): Real estate developer PT Kawasan Industri
Jababeka's shareholders approved a Rp 100 (43 U.S. cents)
dividend yesterday for the 1996 financial year.

The company's president, Ismail Sofyan, said net profit rose
36 percent from Rp 137 billion in 1995 to Rp 187 billion last
year.

Net earnings per share surged to Rp 386.

Total revenue increased 57 percent to Rp 548 billion, with
assets rising 76 percent to Rp 2.2 trillion.

PT Kawasan has secured land acquisition permits for 4,270
hectares in the West Java cities of Cikarang, Cilegon and Serang
for future expansion.

"This is a good achievement in a property market that has been
sluggish since 1994," Ismail said.

He said the company's sales and profit would rise
significantly this year and total sales for this year's first
quarter had already reached Rp 200 billion. (bnt)