JAKARTA - General Meeting of Shareholders (GMS) of PT Golden Energy Mines Tbk (GEMS) today (28/6) decided to distribute final dividends for fiscal year 2018 amounting to US$ 58 million.
For information, a portion of the final dividend amounting to US$ 20 million and US$ 15 million has been distributed as interim dividends paid to shareholders on May 30, 2018 and January 9, 2019.
Then, the remaining final dividends is amounted to US$ 23 million or US$ 0.0039 per share which is equivalent to Rp 55.4 per share.
Bonifasius, Director of GEMS explained that the decrease in the amount of dividends in the 2018 financial year was caused by a decrease in net income. In addition, the company will also focus on investment, given the company's plan to increase production volume, which requires greater working capital.
For information, last year the company posted a net profit of US$ 99,770,342. A total of US $ 1 million will be kept as mandatory reserves, then US$ 39,770,342 will be kept as retained earnings. (LM)