Liquor firm Delta to pay dividend

Liquor firm Delta to pay dividend

JAKARTA: Liquor company PT Delta Jakarta announced that it
would distribute 14 percent of the company's 2002 net profit,
about Rp 44.8 billion (US$5.3 million), as a dividend, amounting
to Rp 400 per share.

The company said on Monday its 2002 sales plunged to Rp 505
billion from Rp 534 billion the previous year, due to the overall
slow demand for liquor in the local market.

Delta is the producer of the local Anker Bir and the overseas
Carlsberg and San Miguel beers.

The Jakarta administration owns a 26.3 percent stake in the
company, 58.3 percent is owned by the Philippine-based San Miguel
and 15.4 percent is held by the public. -- JP