PT Semen Gresik (Persero) Tbk decide the distribution of a dividend of Rp306 per share for a total reach Rp1, 82 trillion or 50% of total net income.
Semen Gresik president director Dwi Soetjipto said of that number, amounting to Rp344 billion was distributed as interim dividend.
"While Rp1, 68 trillion is allocated as a reserve for business development corporation," he said after a shareholders' meeting today.
Shareholders, he added, also approved the 2011 budget allocation amounting to Rp1 partnership programs, 85% or Rp67, 2 billion and environmental development program in 2011 by 2% or Rp72, 6 billion.
Over the past year, the company posted a net profit of Rp 3, 63 trillion, up 9.2% compared to the previous year with the acquisition of Rp3, 32 trillion.
Previously, state-owned cement is proposed that the amount of dividends paid this year dropped to below 50% of the total net profit of the company throughout 2010.
Tremendous demand for investment funds for the completion of two new plant in Tuban, East Java and Tonasa, South Sulawesi is the reason the company's proposed reduction in dividend payments this year.
Construction of two factories that cost an investment of up to U.S. $ 594 million or around Rp 5, 14 trillion. Search funding from loans and bonds rated it would burden the company.
In the past year, the company distributed a dividend of 55%, or Rp1, 83 trillion of net income during 2009 amounted to Rp 3, 33 trillion.