Astra to pay dividents of Rp1,120 per share

Jakarta (ANTARA News) - PT Astra International Tbk, Indonesia`s largest publicly-listed auto retailer, has decided to spend 45 percent of its 2009 net profit of Rp10.039 trillion on dividend payments.

The dividends were equal to Rp1,120 per share, including interim dividends of Rp290 per share paid on November 16 last year, Astra Corporate communication officer Aries Istanto said on Wednesday.

The rest would be earmarked for compulsory fund reserves and retained earning, he said.

He also said the company posted a net profit of Rp3.014 trillion in the first quarter of 2010, a 61 percent increase compared to the same period last year.

Operating profit in the first quarter of 2010 rose 24 percent to Rp3.247 trillion from Rp2.622 trillion in the same period last year, he said.

Meanwhile, net income jumped 38 percent to Rp29.688 trillion in the January-March 2010 period from Rp21.537 trillion in the corresponding period last year. As a result, income per share climbed 61 percent to Rp744 from Rp463.

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