Schering pays dividend

JAKARTA (JP): The annual shareholders meeting of PT Schering- Plough Indonesia, a company of discovery, development and marketing of human pharmaceutical and healthcare products, announced a 40 percent increase in its final dividend from Rp 250 per share for 1992 operation to Rp 350 per share for 1993 operation.

At the meeting, The company's president Philip A. Townsend reported 1993 sales growth of 32 percent to Rp 25.2 billion (US$11.67 million) and the net earnings growth of 42 percent to Rp 3.45 billion ($1.59 million).

Return on shareholders equity in 1993 reached 33 percent, one of the highest of all companies in the Jakarta Stock Exchange.(yns)