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Sumi Indo Kabel to distribute cash dividend of Rp 10,82 billion

24 July 2019 14:34

JAKARTA. PT Sumi Indo Kabel Tbk (IKBI) distributes cash dividends of Rp 10.82 billion, around 37.03% of the total net profit obtained in 2018 fiscal year, which is Rp 29.21 billion.

In the disclosure of information on the Indonesia Stock Exchange (IDX), the IKBI Directors submitted the decision, which was approved by the Annual General Meeting of Shareholders (AGM) held earlier this week. The AGM agenda also approved the use of funds amounting to Rp 699.15 million as mandatory reserves, and Rp 17.7 billion as retained earnings.

With this allocation, the value of dividends per share becomes Rp 8.79. Cum dividends on the regular market and negotiations will take place July 30, 2019, while cum dividends on the cash market on August 1, 2019.

During the 2018 financial year, IKBI's net profit was supported by sales performance which reached US$ 146.36 million. Sales in 2018 grew 43.67% from the previous year, which was US$ 101.87 million. (KR/LM)

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