SMGR pays Rp 2.18 trillion in dividend

The Jakarta Post, Jakarta | Business | Thu, May 02 2013, 8:15 AM

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State owned cement producer - PT Semen Indonesia Tbk (SMGR) will pay dividends worth Rp 2.18 trillion -- at Rp 368 per share -- amounting about 45 percent of the company's 2012 net profits of Rp 4.85 trillion.
SMGR president director Dwi Soetjipto said in Jakarta on Tuesday that the 2012 dividends, which rose by 11 percent from Rp 331 paid last year, would be paid to shareholders in June.
Semen Indonesia, formerly Semen Gresik, booked total revenues of Rp 19.6 trillion in 2012, a rise of 19.7 percent from Rp 16.38 trillion in 2011.
"Our sales volume rose by 14.7 percent to 22.55 million tons in 2012 from 19.72 million tons in 2011," he told reporters after an annual shareholders meeting. He said that with such sales volume SMGR's market share in the domestic cement market reached 41 percent.
This year, the company expects total sales would further increase to 28 million tons.

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