REPUBLIKA.CO.ID, JAKARTA -- Publicly listed state construction and investment company, PT Pembangunan Perumahan (PT PP), has decided to set aside 30 percent of its last year's Rp420 billion net profit in order to pay dividends.

"The company will pay dividends worth Rp126 billion for the year 2013 to its shareholders in May 2014," PT PP President Director Bambang Triwibowo stated in a press statement released on Friday.

The company posted a net profit of Rp420 billion last year, a 35.86 percent increase as compared to Rp309.683 billion recorded in the previous year, he noted.

"The increase in net profit was largely due to all the business pillars of the company, including construction, investment, EPC, property, and pre-printing business, recorded a significant increase in their profits," he remarked.

PT PP saw its income grow 45.63 percent to Rp11.65 trillion last year from Rp8.003 trillion recorded a year earlier, he reported.

Until the third week of March 2014, PT PP signed new contracts worth Rp3.55 trillion to build Mall Sawangan worth Rp896 billion in Jakarta's southern outskirts of Depok, Kutai Coal Terminal worth Rp776 billion, and Wang Residence Citicon worth Rp400 billion in Jakarta.

The other contracts were Hotel Dompu Mangadoro worth Rp318 billion in East Nusa Tenggara, Pinacle Residence worth Rp200 billion in Semarang, Hotel Amni worth Rp124 billion in Medan, Gempol-Sorong toll road worth Rp117 billion, Christian Center in Nunukan, North Kalimantan, and Park Inn Radisson in Makassar.

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