JAKARTA - The Annual General Meeting of Shareholders (AGM) of PT Elnusa Tbk (ELSA) today (11/4) approved the agenda for dividend distribution of fiscal year 2018.
Elnusa's net profit throughout 2018 was recorded at Rp 276.31 billion while in 2017 it was Rp 247.14 billion. Today's General Meeting of Shareholders approved the dividend distribution of 25% of net profit equal to Rp 69 billion. Thus, the value of dividends per share is around Rp 9,465 and will be paid no later than the beginning of May.
For information, Elnusa's net revenue also climbed by around 33% from Rp 4.97 trillion to Rp 6.62 trillion at the end of 2018. This increase was supported by the energy distribution and logistics services segment and integrated upstream oil and gas service segment which grew significantly from the previous year .
The contribution of energy distribution and logistics services from third parties was recorded at Rp 1.44 trillion and from related parties amounted to Rp 2.25 trillion. While integrated upstream oil and gas services from related parties were recorded at Rp 2.12 trillion. (LM)