JAKARTA. PT Mitra Pinashtika Mustika Tbk (MPMX), a distributor of Honda motorcycles that is also a subsidiary of PT Saratoga Investama Sedaya Tbk (SRTG), will distribute final cash dividends of Rp 401.67 billion in mid-June.
The decision was approved by the company's Annual General Meeting of Shareholders (AGM). In the disclosure of information at the Indonesian Central Securities Depository (KSEI), the company said the value of dividends per share is Rp 90.
According to idnfinancials.com data, MPMX's net profit fell significantly by 88% (YoY) in 2019 to Rp 466 billion. In 2018, the company was still able to record net profit of Rp 3.7 trillion and distribute cash dividends of Rp 2.06 trillion.
However, the company claimed that its net profit in 2018 was significantly higher due to the sale of a subsidiary, PT Federal Karyatama, to Esso Petroleum Company and ExxonMobil for Rp 6.06 trillion. (KR/AR)