Merck to Pay Dividends IDR2,000 per Share on June 7

Friday, 27 April 2007 17:56:50
StockWatch (Jakarta) - Pharmaceutical company PT Merck Indonesia Tbk (MERK) plans to pay cash dividends for the 2006 fiscal year at IDR2,000 per share or totally IDR44.800 billion, which will be taken from the 2006 net profit which is IDR86.538 billion.

Merck said in an announcement to the shareholders that the cash dividends will be paid out on June 7, 2007, to the shareholders who are registered by the recording date on May 23, 2007. It also said that the plan od dividend payment was approved by the shareholders in the AGM on Tuesday (24/4) in Jakarta.

Meanwhile, cum dividend dates in the regular/negotiation and the cash markets are May 16 and 23, whereas ex dividend dates in both markets are May 21 and 24, 2007.

Merck booked net profit of IDR86.538 billion (IDR3,863 per share) in 2006, rising by 49.98% from IDR57.7 billion (IDR2,576 per share).

The net profit hike was supported by the sales that rose by approximately 26.21% at IDR487.601 billion from IDR386.346 billion, which boosted the gross profit to IDR284.827 billion from IDR214.694 billion although the sales expense rose from IDR171.652 billion to IDR202.774 billion. (yan/bud)