Medco pays Rp111 in dividend

Shareholders of oil producer PT Medco Energi International Tbk have decided to pay dividend of Rp111 (US$=Rp8,670)per share from its 2002 net profit of $84.1 million, Neraca daily daily reported Thursday.

Dividend payment would start on June 11, 2003, Medco?s financial director Sugiharto said.

Medco, listed on the Jakarta Stock Exchange, held its annual general shareholders meeting Tuesday. (*)