Textile firm pays dividends

Textile firm pays dividends

JAKARTA (JP): PT Ever Shine Tex, a textile company, reported here yesterday that its shareholders have approved the distribution of 57 percent of the company's 1994 net profit in the forms of cash dividends worth Rp 100 per share.

Erlien Lindawati Surianto, a company director, said that the company's net profit increased by 21 percent last year to Rp 22.3 billion (US$10.02 million) from Rp 18.5 billion in 1993.

She added that its sale revenues increased by 28 percent to Rp 136 billion last year from Rp 106.2 billion in 1993, while the company's total assets grew by 40 percent to Rp 214 billion as of the end of last year.

She said the company's pre-tax profit in the first quarter of 1995 reached Rp 6.83 billion, up by 10.3 percent from Rp 6.19 billion in the same period of last year.

The company acquired PT Indo Yongtex Jaya, a textile and garment company, last October.(32)