Aqua to pay dividends in July

The annual shareholders' meeting of the country's largest bottled mineral water company PT Aqua Golden Mississippi approved Friday the allocation of 19.17 percent of last year's net profit, or Rp 15.8 billion (US$1.5 million) as dividends.

is amounts to Rp 1,200 for each share.

Aqua president director Parmaningsih said the company would distribute the dividends on July 31. The company's net profit rose 24.92 percent last year to Rp 82.33 billion.

The company will use the remaining cash from the net profit, or Rp 66.54 billion, as reserves.