JAKARTA (Yosefardi) – State gas distributor PT Perusahaan Gas Negara (PGN) Tbk (PGAS) and state tin producer PT Timah Tbk (TINS) propose 50% dividend payment for 2013 fiscal year.
PGAS proposes to pay dividend of US$430 million and Timah proposes dividend payment of Rp154-257 billion. PGAS booked net profit of US$861 last year while Timah reported net profit of Rp515 billion.
PGAS allocates capital expenditure (capex) of US$1.25 billion for this year, compared to US$150 million capex last year.