Unggul pays dividend

JAKARTA (JP): PT Unggul Indah Cahaya won shareholders approval on Tuesday to pay a cash dividend of Rp 1 per share and a bonus share for every 10 existing shares.

The company's president Hartono Gunawan said that the cash dividend would be paid beginning August 16 while the bonus shares would be given to shareholders registered as of July 7 at the latest.

The company's consolidated net profit significantly increased to Rp 156 billion in 1999 from about Rp 58 billion the previous year.

Hartono said that the sharp increase in the net profit was attributed to the company's success in boosting exports by more than 35 percent during the year.