Reliance Shares Interim Dividends Rp.10/Share Bisnis Indonesia, page B2, 2006-08-26
PT Reliance Securities Tbk has shared its dividends at Rp.10 per share, worth Rp.9 billion taken from the company’s net profit by June 2006. The dividends will be shared on September 27 2006 to the listed shareholders per June 2006. There are also cum dividends and ex dividends in the regular market implemented on September 13 and September 14 2006, for the cash market it will each be implemented on September 18 and September 19. The company has booked a net profit of Rp.20 billion compared to last year’s Rp.5.21 billion. Its income has increased from Rp.8.75 billion to Rp.25.21 billion from the same period of time the previous year.
Reliance is the first joint venture security to record its shares in Indonesia. Its net profit growth is the second highest for a security company, after Hortus Danavest, reaching 283.9 percent.
Before, shareholders have agreed not to share dividends of last year’s profit which amounted to Rp.1.04 billion. The company’s net profit decreased last year compared to 2004 from Rp.29.43 billion to Rp.11.03 billion. Rp.100 million from last year’s profit will be used as reserve and Rp.940 million will be used as detained profit.
Reliance Securities’ IPO Offers 4 Percent Gain www.media-indo.com, 2005-07-13
PT Reliance Securities Tbk’s initial public offering (IPO) in the Jakarta Stock Exchange only gave investors a 4 percent gain. During its stock premier listing in the exchange, Reliance’s share rose 4 percent from Rp.250 to Rp.260. The company’s management also stated that there was an 8.5 percent share oversubscribe, as the quantity of shares subscribed reached 217,093,500 shares, while the company only provided 200 million shares. However, in the IPO, Reliance Securities managed to collect Rp.50 billion. PT Asuransi Reliance Indonesia holds 49 percent of the company’s shares. The remaining 51 percent are held by Reliance Financial Holding Limited (21 percent) and the public (20 percent).