Dividend SMGR

The management of PT Semen Gresik Tbk (SMGR) proposed the division of profits equivalent to 50% of net profit in 2011, which reached Rp 3.93 trillion. That means, the total dividend of Rp 1.96 trillion SMGR. Proposed dividend is equivalent to USD 330.44 per share. The plan is based on the dividend payment in 2010 that took place in June 2011. At that time, SMGR dividend totaling Rp 1.82 trillion. That number reflects 50% of 2010 net income, Rp 3.63 trillion. Proposed dividend refers to the good performance SMGR. Last year, SMGR scored 14.18% revenue growth year-on-year (yoy) to Rp 16.38 trillion. This sustained growth in cement sales 12% yoy to 19.7 million tonnes. SMGR scored 8.04% rise in net profit to $ 3.93 billion. Proposed dividend is fairly large considering SMGR was heavily expanded.