Inco won?t pay dividend

Publicly-listed nickel mining firm PT Inco will not distribute dividend to shareholders for the financial year of 2001 because it would use its profit to repay debts worth US$346 million.

?The company must save some money to repay long-term debt and to cover operation cost,? said Inco president Rumengan Musu as quoted by the Media Indonesia daily last week following a shareholders meeting.(*)