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Intiland Development will distribute cash dividends of Rp 20.7 billion

17 May 2019 12:24

JAKARTA - PT Intiland Development Tbk (DILD) will distribute Rp 20.7 billion worth of cash dividends, which is taken from its net profit from the 2018 fiscal year (Rp 203.7 billion).

As cited from the press release, Archied Noto Pradono, Director of PT Intiland Development Tbk (DILD) stated that the remaining net profit will be used as retained earnings (Rp 180.9 billion), and reserve fund (Rp 2 billion). 

According to him, those decisions were made in the general annual meeting of shareholders held on 15 May 2019.

In 2018, the company generated Rp 2.55 trillion in revenue, 16% higher than its revenue in 2017 of Rp 2.20 trillion. Meanwhile, the company recorded gross profit of Rp 1 trillion, 5% higher than its profit in 2017 of Rp 956 billion, and operating profit of Rp 327 billion, 5% lower than its revenue in 2017 of Rp 345 billion (LK/AR).

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