PTBA to pay final dividend of Rp85.7 per share

State-owned coal miner PT Tambang Batubara Bukit Asam Tbk said Tuesday its board of commissioners had decided to allocate about 50 percent of last year's net profit of Rp419.8 billion for dividend payment.

The company said in a statement that the dividend consisted of a 2004 final dividend of Rp85.7 per share and an interim dividend of Rp5.8 per share distributed December 29, 2004.

PTBA, which operates a huge coalmine in South Sumatra, is targeting to increase its 2005 coal production by 300,000 tons to 10.2 million tons from 9.9 million tons last year. (dino)