JAKARTA - The shareholders of PT Tunas Baru Lampung Tbk (TBLA) have approved the use of net profit for 2018 fiscal year. Based on the results of today's meeting, TBLA will distribute cash dividends of Rp 133.55 billion. This dividend value is equivalent to Rp 25 per share.
Then, as much as Rp 500 million will be allocated as a reserve fund. Whereas the remaining net income in 2018 will be utilized for the company's operational activities.
For information, TBLA's net sales in 2018 reached Rp 8.61 trillion. This figure dropped compared to the previous year amounting to Rp 8.97 trillion. In line with declining sales, the company's net profit also fell from Rp 973.18 billion to Rp 757.74 billion in 2018. (LM)