Jakarta (ANTARA News) - Instant noodle maker PT Indofood Sukses Makmur Tbk (INDF) has decided to allocate 40 percent of its last year`s net profit as dividends.

"Shareholders agreed to distribute dividends at the rate of Rp133 per share. This is a form of our appreciation to shareholders` support for the company so far. The dividend distribution is also a form of our optimism that we will be able to deal with challenges that may lie ahead," INDF President Director Anthoni Salim said following a general shareholders meeting here on Friday.

The dividends would be distributed among shareholders on August 9, 2011, he said.

The company last year booked a net profit of Rp2.95 trillion, a 42.2 percent increase compared with the year before.

INDF Director Thomas Thjie said net sales rose 2.7 percent to Rp38.4 trillion last year compared to Rp37.4 trillion a year earlier.

The general shareholders meeting also decided to allocate Rp5 billion of last year`s net profit as retained earnings.

Thomas said Grup Indofood had decided to allocate Rp5.2 trillion for capital expenditure this year. Of the total, Rp2.2 trillion would be used for agribusiness.

Meanwhile, the capital expenditure of PT Indofood CBP Sukses Makmur, a subsidiary of INDF, would reach Rp1.8 trillion. The fund would be used for the noodle division and food seasoning division as well as for construction of new dairy farm in East Java, he said.


Editor: Suryanto
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