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Puradelta Lestari will distribute dividends of Rp 42 per share

15 April 2020 15:39

JAKARTA. PT Puradelta Lestari Tbk will distribute 100% of its net profit in FY2019 as dividends. The company even took a portion of its retained earnings in 2018 to be distributed as dividends, which makes the dividend payout ratio reach 150% or Rp 42 per share.

Director of Puradelta Lestari Tondy Suwanto explained that the company decided to give out a portion of its retained earnings in 2018 as a sweetener for its investors. "We use retained earnings," he said as quoted by Bisnis on Wednesday (15/4).

PT Puradelta Lestari Tbk is part of Sinarmas Land's group engaged in property business. The majority shareholder of the company is PT Sumber Arusmulia (57.28%), followed by Sojitz Corporation (25%) and retail investors (17.72%). (AM/AR)

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