The dividend payments would consist of cash dividends worth Rp27.590 trillion and interim dividends worth Rp3.173 trillion, State Enterprises Minister Mustafa Abubakar said after closing a workshop on state firms` assets here on Tuesday.
The increase in dividend payments included interim dividends, he said. However, he stopped short of revealing which state firms had paid interim dividends amounting to Rp3.173 trillion.
The government has set the target of dividend payments from state firms at Rp27.5 trillion for this year, or 8 percent lower than those in 2010.
Dividend payments to the government from state firms last year rose to Rp30.09 trillion from Rp29.5 trillion a year earlier.
Mustafa said the rising dividend payments were fueled by an increase in state companies` profit. "State companies are estimated to have posted a combined net profit of around Rp100.4 trillion in 2010, surpassing the target of Rp98 trillion."
In total, state firms booked more than Rp1,000 trillion in income last year compared to Rp930 trillion the year before, according to the ministry.
Mustafa said the rising income resulted from the improving financial performance of state firms particularly those engaged in the energy, mining and banking sectors. (*)
Editor: Aditia Maruli Radja
Copyright © ANTARA 2011
