JAKARTA. PT Wahana Interfood Nusantara Tbk (COCO) will not distribute any dividends, because its net profit was only Rp 3 billion in the 2018 financial year.
In the Annual General Meeting of Shareholders (AGM), COCO directors said that the net profit funds would be used as reserve funds (Rp 100.5 million) and retained earnings (Rp. 2.99 billion). "To increase the company's working capital," said COCO directors in the disclosure of information on the Indonesia Stock Exchange on Monday (13/5).
COCO's revenue during 2018 reached Rp 157.58 billion, from Rp 138.89 billion in the previous year. The company's net profit margin in 2018 is at 1.96%, while in the previous year was only Rp 1.48%. (KR/AR)