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Indofood ICBP approves Rp 154 per share dividend
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Indofood president director Anthoni Salim (tribunnews.com/File)
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onsumer goods firm PT Indofood CBP Sukses Makmur (ICBP) approved a Rp 154 (1.16 US cents) per share dividend during a shareholders meeting in Jakarta on Friday.
The company has issued a total of 11.66 billion shares, meaning that the total dividend is worth Rp 1.8 trillion.
The dividend payout ratio is 49.46 percent of Rp 3.63 trillion net income of 2016, an increase by 24.22 percent from Rp 2.92 trillion in 2015. The dividend will be paid on July 4.
"I would like to express my sincere gratitude to all our stakeholders for their continuing trust and support," said Indofood president director Anthoni Salim in a statement after the shareholder's meeting in Jakarta on Friday.
“ICBP's strong performance in 2016 would not have been possible without our close teamwork and tenacity in strategy execution.”
In the first quarter of 2017, the company recorded Rp 1.15 trillion net income, increasing by 15.13 percent from the figure in the same period in 2016.
Part of the Indofood Group, ICBP produces consumer goods products including noodles, dairy, snacks, and beverages. (bbn)
