Multipolar's profit up

JAKARTA (JP): Multipolar, a publicly-listed service company, yesterday announced a 40 percent increase in its net profit to Rp 7.9 billion (US$3.5 million) during the 1994/1995 fiscal year, which ended on June 30, from Rp 5.6 billion in the previous fiscal year.

After an annual meeting of its shareholders yesterday, the company said in a statement that it would distribute a cash dividend of Rp 55 per share, a bit higher than the Rp 45 per share in the previous year.

Multipolar also announced the establishment of its new subsidiaries, PT Multipolar Lokasindo for JCPenney fashion outlets, PT Multipolar Perkasa and PT Sakamitra Multikarya for Wal-Mart superstores, PT Prasetya Khameswara for Kerry Leisures entertainment centers and PT Multipolar Pratama as an investment unit. (rid)