JAKARTA - PT Estetika Tata Tiara Tbk (BEEF) plans to deliver its cash dividends about 20% of profits obtained in the financial year 2019. By the end of 2019, BEEF’s revenues recorded at Rp 1.20 trillion, rose by 34.4% from Rp 895.9 billion in the same period of 2018.

Yustinus Sadmoko, President Director of PT Estetika Tata Tiara Tbk (BEEF) stated that the management decided to deliver 20% dividends as it was disclosed in the company’s prospectus. "After we deliver the dividends, we will allocate capital expenditure," he said.

In the third quarter of 2019, the company posted Rp 903.3 billion of sales, rose by 40.7% compared to Rp 641.9 billion in the same period of 2018. Net income recorded at Rp 46.3 billion, rose by 120.5% compared with Rp 21 billion in the same period of 2018. (LK/W)