JAKARTA (Yosefardi) – Cement maker PT Indocement Tunggal Prakarsa Tbk (INTP) will pay dividend of Rp3.31 trillion, or Rp900 per share, for 2013 fiscal year.
The dividend payment represents 66.10% of 2013’s profit (Rp5 trillion). The payment is scheduled for July 8, 2014.
INTP plans to increase its selling price for cement product by 1-2% within next 2 months, to respond 13.3% tariff hike of electricity effective this month.
INTP said 60-65% electricity need is supplied by state utility PT Perusahaan Listrik Negara (PLN). The hike of electricity tariff, INTP said, will boost the production cost by 5-10% this year.
In 2013, INTP’s fuel and electricity cost reached Rp3.9 trillion, representing 38.84% of total cost last year (Rp10.04 trillion). Currently INTP holds 30-30.5% market shares for cement sales.
The company allocates capital expenditure of Rp4-4.5 trillion for this year, compared to Rp2.1 trillion last year.
INTP sold 4.2 million tons of cement in first quarter of this year, up 1% compared to the same period of last year. INTP booked net profit of Rp1.13 trillion in the period on net revenue of Rp4.49 trillion.