JAKARTA: PT Supreme Cable Manufacturing & Commerce Tbk (Sucaco) sets dividend payment at IDR18 billion or 30% of last years net income, reaching IDR60.8 billion.The company also allocated IDR3 billion reserved fund while the remaining is channeled as retained earnings, said Sucaco Vice President Director Bayu A. Soepono.We will pay dividend at IDR90 per share or around IDR18 billion to listed shareholders on 24 June 2011. It will be paid on 11 July 2011, he said today.Last year, the company focusing on cable industry recorded IDR60.8 billion net income or soared by three folds compared to IDR16.5 billion in the previous year.Such profit jump is in line with companys revenue growth at 45.58% to IDR2.2 trillion compared to IDR1.5 trillion in 2009. (t02/wiw)

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