Dividends resumed, new capacity plans underway
Jakarta, April 18th 2011. At the Annual General Meeting of Shareholders in Jakarta today Holcim Indonesia shareholders unanimously approved a proposal to distribute a dividend from 2010 retained earnings.
Dividends resumed, new capacity plans underway
- Return to dividends after quasi reorganization
- Ground breaking for new greenfield plant in Tuban, East Java
Jakarta, April 18th 2011. At the Annual General Meeting of Shareholders in Jakarta today Holcim Indonesia shareholders unanimously approved a proposal to distribute a dividend from 2010 retained earnings.
The dividend amounted to Rp 23 per share, representing a payout ratio of over 21.3 %. The company’s net income in 2010 was Rp 828 billion or Rp 108 per share on sales of Rp 5.96 trillion. Domestic sales volumes grew 4.6% to 6.24 million tonnes, from 5.96 million tonnes in 2009. EBITDA (earnings before interest, taxation, depreciation and amortisation) was maintained at Rp 1.85 trillion, with the ratio of debt to equity further improved from 0.6:1 to 0.3:1.
Holcim’s President Director, Eamon Ginley commented, “The past year has proved a landmark for Holcim and our shareholders. We maintained our position in the market with earnings for the last two years at a sustainably higher level. Our level of debt has been steadily reduced giving us financial strength, and most important we have initiated groundwork on a new Greenfield cement plant at Tuban, investing for future growth.” He continued, “The final step in our plans in 2010 was completing a quasi reorganisation and deficit elimination thereby ensuring the company was free, under capital market regulations, to resume dividend payments.”
Holcim will raise its capacity in Indonesia fom 8.3 million tonnes to 10 million tonnes with competion of the new plant in 2013. It operates the largest branded building materials network that includes specialist distributors, some 8,000 retailers, over 9,100 Holcim-trained masons and 300 Solusi Rumah outlets offering everything to build a home – under one roof.
Ends.
About PT Holcim Indonesia Tbk
PT Holcim Indonesia Tbk is a publicly listed company where majority of its shares (80.65 %) held by Holderfin BV Ltd, the subsidiary company of Holcim Ltd, based in Switzerland. PT Holcim Indonesia Tbk is one of the biggest cement companies in Indonesia with the unique advantage of integrated businesses in ready-mixed concrete and aggregates.
Holcim Indonesia with its 2,400 employees is part of Holcim Group, one of the world's leading suppliers of cement and aggregates (crushed stone, sand and gravel) as well as downstream activities such as ready-mix concrete and asphalt including services. The Group holds majority and minority interests in more than 70 countries on all continents
Contact following address for further information:
Rusli Setiawan
Relationship Management Director
PT. Holcim Indonesia Tbk.
Phone : 62 62 5296011
e-mail : rusli.setiawan@holcim.com
website : www. holcim.co.id
