Tigaraksa pays dividends

Tue, 09 May 1995

JAKARTA (JP): PT Tigaraksa Satria, a wholesale trading company listed on the Jakarta and Surabaya stock exchanges, will pay a cash dividend of Rp 150 (6.7 U.S. cents) per share for the 1994 book year.

The dividend, accounting for around 30 percent of the company's earnings per share (EPS), will be paid in July, the company announced yesterday at their shareholders meeting.

The shareholders approved the company's 1994 balance sheet, which reported a 22 percent increase in both net sales and after- tax profit.

The net sales rose 22.23 percent to Rp 393.4 billion in 1994 from Rp 321.9 billion in 1993, while the after-tax profit increased 22.46 percent to Rp 16.64 billion from Rp 13.59 billion.

The meeting also endorsed the establishment of a steering committee made up of independent experts, members of the supervisory and executive boards. The committee will be responsible for formulating and supervising the company's business strategy. (hen)

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