Palm oil producers PT PP London Sumatra Indonesia announced to pay dividend of Rp 208 per share after retaining dividend pay last year.
An independent commissioner of London Sumatra Rachmat Soebiapradja said after a stakeholder meeting at Indofood Tower in Jakarta on Tuesday (5/5), “our profit spiked as crude palm oil jumped.”
London Sumatra said total dividend payment this year was Rp 278.8 billion or around 30 percent of the company’s Rp 928 billion net profit. The company to make the payment on June 5th and to retain Rp 15.5 billion from the net profit for reserve fund.
The company also planning to expand its plantation area in South Sumatra and build a new factory in East Kalimantan, which to be partially financed by loans.
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