Jakarta (ANTARA News) - Shareholders of publicly-listed cement maker PT Indocement Tunggal Prakarsa Tbk (INTP) agreed at their annual meeting on Tuesday to pay dividends of Rp1.07 trillion or Rp293 per share this year.

The dividends represented 30 percent of the company`s net profit of Rp3.59 trillion in 2011, Nelson Borch, the company`s director said.

"The dividends would be paid starting on July 5, 2012," he said.

Nelson said the amount of dividends to be paid by the company this year was almost equal to that of dividends distributed in the previous book year.

"The move was agreed upon at the annual meeting of the company`s shareholders," he said.

The meeting also agreed to allow the company to use its net profit to expand its business by increasing its production volume and building a new plant, he said.

Indocement posted a net profit of Rp3.59 trillion last year, a 11.5 percent increase compared to Rp3.22 trillion the year before.

The company recorded Rp13.88 trillion in income last year, up by 24.7 percent from Rp11.13 trillion a year earlier.

As per December 31, 2011, the company`s total assets reached Rp18.15 trillion, an increase of 18.27 percent compared to Rp15.43 trillion a year ago. (*)

Editor: Kunto Wibisono
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