Semen Gresik to pay dividends of rp1.82 tln

Semen Gresik to pay dividends of rp1.82 tln

PT. Semen Gresik Tbk. (ANTARA/istimewa)

Jakarta (ANTARA News) - State cement maker PT Semen Gresik Tbk (SMGR) has decided to allocate 50 percent of its last year`s net profit of Rp3.63 trillion as dividends.

In total, the dividend payments would reach Rp1.82 trillion or at the rate of Rp306 per share, PT Semen Gresik President Director Dwi Soetjipto said here on Tuesday.

The dividends included interim dividends of Rp344 billion that had been distributed to shareholders, he said.

He said Rp1.68 trillion of the 2010 net profit would be used for reserve fund to expand the company`s business, Rp67.2 billion for partnership program, and Rp72.6 billion for environmental management.

Last year, the company posted a net profit of Rp3.63 trillion, a 9.2 percent increase compared to Rp3.32 trillion the year before.

Meanwhile, Semen Gresik Finance Director Ahyanizarman said the company planned to set aside Rp7 trillion to Rp9 trillion for capital expenditures next year.

The fund which would come from the company`s internal cash would be used to build a new plant in 2012, he said.

"The amount of capital expenditure for 2012 is quite spectacular. The construction of the new cement plant will cost an estimated Rp3.5 trillion," he said. (*)