United Tractors' dividend

JAKARTA(JP): Publicly-listed PT United Tractor, a distributor of plant equipment, announced yesterday that it has received its shareholders' approval to pay a dividend of Rp 130 per share (5.5 U.S. cents), totaling Rp 17 billion.

The company said in a statement that its consolidated net sales reached Rp 1.6 trillion last year, an increase of 29 percent.

Its net profits rose 27 percent from 1994 to Rp 58 billion last year.

The company's earning per share also increased from Rp 344 in 1994 to Rp 424 last year. (alo)