Makindo pays dividend

Makindo pays dividend

JAKARTA (JP): Publicly listed securities firm PT Makindo will
pay a dividend of Rp 73.5 (less than 1 U.S. cent) per share for
the 1997 financial year.

The company's president Gunawan Yusuf said yesterday that
about 80 percent of the company's profits was distributed as cash
dividends to its shareholders.

"The cash dividend equals Rp 73.5 per share," he said after
holding the company's general shareholders meeting.

Makindo, one of three securities companies listed on the
Jakarta Stock Exchange (JSX), reported a 32 percent increase in
net profit, to Rp 80.6 billion ($8.95 million) in 1997 from Rp
61.1 billion in 1996.

He said the company recorded a total operating income of Rp
95.6 billion last year, up 1 percent from Rp 93.9 billion in
1996.

Investment banking contributed Rp 57.4 billion to the
company's operating income, stockbroking Rp 34.2 billion and
investment management Rp 1.1 billion, he added. (aly)