Texmaco pays dividends

JAKARTA (JP): PT Texmaco Perkasa Engineering, a textile manufacturer, announced yesterday that it will pay dividends of Rp 50 per share (2.1 U.S. cents), with a dividend payout ratio of 45 percent.

President Marimutu Ganesan said that Texmaco's net profits rose from Rp 19 billion in 1994 to Rp 27 billion last year, while its net sales increased from Rp 83 billion to Rp 168 billion.

For the first quarter of this year, the company booked Rp 53 billion in net sales and Rp 9 billion in net profit.

Meanwhile, PT Texmaco Jaya announced that it will also pay dividends of Rp 50 per share with a dividend payout ratio of 43 percent.

For the first quarter of this year, its net sales reached Rp 109 billion while its net profit was recorded at Rp 14 billion. (alo)