Sampoerna Agro's Dividends IDR90 per Share

Friday, 19 June 2009 09:07:19
StockWatch (Jakarta) -

PT Sampoerna Agro Tbk (SGRO) has planned to pay dividends of IDR90 per share for the 2008 fiscal year or totally IDR170.100 billion which will be taken from the company's 2008 net profit of IDR439.516 billion.

Sampoerna Agro's corporate secretary Budianto Tjuatja said in a press release, the shareholders approved the dividend payment in the AGM on Thursday (18/6) and the company will pay the dividends on July 29, 2009.

He said the rest of the company's 2008 net profit which is IDR8.7 billion will be allocated for Putra Sampoerna Foundation in a bid to improve the quality of education in Indonesia, then IDR6 billion for general reserve, and IDR254.72 billion will be withheld.

Further he said that the company's 2008 net profit was up sharply 104% at IDR439.52 billion (IDR236 per share) versus IDR215.1 billion (IDR129 per share) in 2007, whereas the company's consolidated sales climbed 43% at IDR2.29 trillion from IDR1.6 trillion. (yan/bd)