HomeNewsVideos

Indomobil Multi Jasa to distribute dividends of Rp 5.76 billion

21 June 2019 16:58

JAKARTA - PT Indomobil Multi Jasa Tbk (IMJS) will distribute dividends of Rp 5.76 billion or Rp 1 per share for the 2018 fiscal year. The amount is 3.63% of the company’s 2018 net profit of Rp 158.57 billion.

The decision was made at the company’s Annual General Meeting of Shareholders (AGM) on Thursday (20/6). Based on IMJS’s stock price of Rp 570 per share on Thursday, the company’s dividend yield was recorded at 0.17%.

The dividends are smaller than IMJS’s dividends for the 2017 fiscal year amounting to Rp 6.02 billion or Rp 1.2 per share. The company’s 2018 net profit also fell 18.29% year on year (yoy) from Rp 194.08 billion in 2017.

According to IMJS CEO Jusak Kertowidjojo, the smaller dividend value is due to the company’s plan to develop its businesses this year. “IMJS plans to purchase trucks to be used for transport,” said Mr Kertowidjojo in Jakarta as quoted by Kontan.co.id. (MS)

© 2024 - IDN Financials - All Rights Reserved.