Inco pays US$100 million as interim dividend
Saturday, October 15 2011 - 03:39 AM WIB
IDX-listed PT International Nickel Indonesia Tbk (Inco) said that its board of commissioners has approved the proposal of directors board to distribute interim dividend for 2011 of US$ 100 million in total, or $0,01 per share.
The interim dividend represents 42 percent of the company?s net profit in the first semester 2011. In the first half, Inco posted net profit of $ 238.1 million, 9 percent above the same period in 2010 at $ 218.8 million.
The dividend is payable on November 21, 2011 to shareholders on record as of November 7, 2011.
The dividend for Indonesian shareholders will be paid in the rupiah equivalent of the US dollar amount based on the Bank of Indonesia mid rate on November 7. The dividend for foreign shareholders will be paid in US dollars.
In the second quarter 2011, its net profit stood at $126.3 million, an increase compared to $111.8 million achieved in the first quarter of 2011. (roffie/giok)