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Wednesday, 20 April 11
ADARO TO PAY OUT RP 970B IN DIVIDENDS - THE JAKARTA POST


The Jakarta Post reported that, the annual shareholders meeting of coal producer PT Adaro Energy on Wednesday agreed on the disbursement of Rp 970.77 billion (approximately US$111.64 million) from its net profits last year to pay dividends.

The amount constitutes 43.98 percent of the company’s net profits.

A press statement from the company said Rp 315.06 billion of interim dividends had been paid on Dec. 10, 2010.

This year's dividend payments are the highest Adaro has made after its initial public offering in 2008.

The meeting also agreed on the new members of the board of directors who will serve until 2016. They include president director Garibaldi Thohir; vice president director Christian

Ariano Rachmat and directors Andre J. Mamuaya, Sandiaga Uno, David Tendian, Chia Ah Hoo and M. Syah Indra Aman.
Source: The Jakarta Post



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