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Wednesday, 27 April 11
HARUM ENERGY TO PAY RP 659.1B IN DIVIDENDS - THE JAKARTA POST


The Jakarta Post reported that, Indonesian coal miner Harum Energy is planning to pay out Rp 659.1 billion (US$76.46 million) in dividends this year, or 80 percent of its net profits in 2010.

The company, which went public mid last year, recorded in 2010 total net profits of Rp 823.9 billion.

“We will pay dividends worth Rp 244 per share,” Harum Energy managing director Ray Antonio said in Jakarta on Wednesday, as quoted by kontan.co.id.

He said Rp 154.9 billion of the remaining funds would be used to support business development.

Harum Energy had earlier allocated $30 million earned from its initial public offering for capital expenditures this year.
Source: The Jakarta Post



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