ID :
67355
Tue, 06/23/2009 - 20:43
Auther :
Shortlink :
https://www.oananews.org//node/67355
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MEDCO TO PAY DIVIDEND OF $0.015 PER SHARE
Jakarta, June 23 (ANTARA) - PT Medco Energi Internasional, Indonesia's largest publicly-listed oil and gas company, said shareholders agreed at a general meeting Tuesday to allocate US$50 million of last year's net profit as dividends or US$0.015 a share.
The dividends accounted for 17.8 percent of 2008 net profit worth US$280.2 million, the company's president director, Darmoyo Doyoatmodjo said.
The rest would be allocated as retained earning, working capital and investment, he said.
Medco posted a net profit of US$7.5 million in the first quarter of 2009, a 67 percent drop from the same period a year earlier.***
The dividends accounted for 17.8 percent of 2008 net profit worth US$280.2 million, the company's president director, Darmoyo Doyoatmodjo said.
The rest would be allocated as retained earning, working capital and investment, he said.
Medco posted a net profit of US$7.5 million in the first quarter of 2009, a 67 percent drop from the same period a year earlier.***
