Petra Q4 profit drops 93.5%; plans 9.82 US ¢ a share payout
It attributes "disappointing" performance to slowdown of Indonesian economy, rupiah's weakness
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Singapore
PETRA Foods' fourth-quarter net profit fell 93.5 per cent to US$800,000 amid a weaker Indonesian economy, but the company is planning a distribution of 9.82 US cents per share from excess cash.
The chocolate confectioner posted earnings per share of 0.13 US cents for the three months ended December 2015. For the full year, the company incurred a net loss of US$4.7 million, or 0.77 US cents per share, after incurring US$20.1 million of exceptional items mostly related to a one-time charge of US$19.4 million following the settlement of a dispute.
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