PT Tiga Pilar Sejahtera Food Tbk approve the use of net profit earned in last year amounted to Rp75, 23 billion as retained earnings.
Three Pillars Financial Director Sjambiri Lioe said the agreement was agreed upon since the shareholders also want the company business growth this year in need of expansion funds.
"The shareholders approved the profit is reinvested so that more companies will grow again. Currently shareholders understand that the company is now a lot of business expansion this year, "he said after the AGM in Jakarta, today.
Last year the company scored a net profit of Rp75, 32 billion, up 116.4% from the previous year Rp34, 76 billion.
As per quarter I/2011, the company engaged in the production of snack foods and rice business is recorded net profit of Rp23, 14 billion from the same period a year ago Rp5, 78 billion.
In meeting this time, the company also confirmed that the company's board of directors as the managing director Joko Mokoginta, and Edi Susanto Budi Istanto respectively as director of the company.