Astra to pay dividends of Rp8.015 tln
Fri, April 27 2012 22:01 | 961 Views
Jakarta (ANTARA News) - Diversified group PT Astra International Tbk (ASII) said shareholders agreed to allocate Rp8.015 trillion of its last year`s profit as dividends or Rp1,980 per share.
Prijono Sugiarto. (ANTARA)
"This year`s capital expenditure increases 35 percent to Rp16.7 trillion."
The dividends included an interim dividend of Rp600 per share paid on November 14 last year and the remaining Rp1,830 per share would be distributed on June 6, 2012, Astra President Director Prijono Sugiarto said here Friday.
Last year, the company posted a net profit of Rp17.785 trillion.
The remaining net profit of Rp9.769 trillion would be allocated as retained earning, he said.
He said Astra shareholders also agreed to allocate Rp16.7 trillion in funds as capital expenditure this year.
"This year`s capital expenditure increases 35 percent to Rp16.7 trillion. We acquired a toll road at the end of last year so we need capital expenditure to complete the acquisition," he said.
The Rp16.7 trillion capital expenditure was consolidated capital expenditure. But it excluded the capital expenditure of Astra Honda Motor (AHM) and Astra Daihatsu Motor which reached an estimated Rp5 trillion, he said.
He said capital expenditure for agribusiness division was around Rp2 trillion, heavy-duty equipment and mining division Rp5.5 trillion, automotive division Rp2.5 trillion to Rp3 trillion, and infrastructures Rp5.8 trillion.
"The capital expenditure originates from the company`s internal cash," he said.
The general meeting of shareholders also agreed on a stock split with a ratio of 1 to 10, he said.
With the stock split the nominal value of Astra shares changed to Rp50 from Rp500 per share.
Editor: Priyambodo RH
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