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Charoen Pokphand Indonesia pays bigger dividend
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Charoen Pokphand Indonesia president director Tjiu Thomas Effendy (third left) poses with the board of directors after the company's press conference at Hotel Mulia Senayan, Jakarta, on June 15. (thejakartapost.com/Anton Hermansyah)
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ublicly listed poultry firm Charoen Pokphand Indonesia has announced Rp 475 billion (US$35.46 million) of dividend, almost double last year’s payout of Rp 295.1 billion.
The dividend equals to Rp 29 per share, a 60 percent increase compared to the Rp 18 per share dividend in 2015. The dividend payout ratio also rose to 25.89 percent of net income, compared to last year’s ratio of 16.9 percent.
"We also announced Rusmin Riyadi as the new vice president commissioner and I, who was previously a commissioner, have been appointed president director," said Charoen Indonesia president director Tjiu Thomas Effendy on Wednesday during a press conference in Jakarta.
The previous vice president commissioner Jialipto Jiaravanon died in October 2015. Jialipto, an Indonesian citizen, is a member of the third generation of the Chearavanont family, which controls the Thailand-based Charoen Pokphand Group, as well as the nephew of the group’s CEO, Dhanin Chearavanont.
The company has allocated Rp 1 trillion capital expenditure (capex) for this year, half of the 2015 capex, as the firm still had a carried-over capex from last year’s allocation.
"Our facilities are in good condition as well. In the first quarter, we spent Rp 200 billion of expenditure. The capex is fully financed by our internal cash," Charoen Indonesia finance director Ong Mei Sian told thejakartapost.com. (ags)
