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Kalbe Farma to distribute cash dividend Rp 20 per share

18 May 2020 14:28

JAKARTA - PT Kalbe Farma Tbk (KLBF) will distribute cash dividends of Rp 937.5 billion. This amount is equivalent to 37% of the company's total net profit in 2019 or around Rp 20 per share.

For information, the dividend payout ratio in the 2019 fiscal year is smaller compared to 2018 fiscal year in the range of 49%-50%. This was done by the company given the uncertainty of the global economy and the impact of COVID-19.

"So we are taking initiatives to increase the company's cash flow reserves in 2020 so that we can pass the impact of COVID-19 well," said Kalbe Farma President Director Vidjongtius said at a press conference today (5/18).

Kalbe Farma remains optimistic about the potential for growth and continues to budget capital expenditure funds to increase the company's production capacity. The budget will also be used for maintenance and completion of the previous year's project. Going forward, the KLBF will strive to maintain its policy to distribute dividends of around 45-55% of net profit, by taking into account the development plans and funding requirements for the company. (LM)

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