Pudjiadi to split stocks

Pudjiadi to split stocks

JAKARTA (JP): Publicly-listed PT Pudjiadi & Sons, the owner of
Jayakarta Hotel in Central Jakarta, said that it will split its
stocks by halving their nominal value to Rp 500 (21 U.S. cents).

The company also said that in their annual meeting yesterday,
its shareholders approved a proposed final dividend of Rp 45 per
share for the year 1995.

The company said its total revenues rose 12 percent to Rp 33.2
billion last year due mainly to the full operation of its new
hotel in Bandung, West Java.

Revenues from the hotel division slightly increased from Rp 19
billion in 1994 to Rp 20.7 billion last year, while the revenues
from the food and beverage division increased from Rp 4.6 billion
to Rp 5.9 billion.

The company's net profit rose by 8 percent to Rp 7.6 billion
last year. (alo)