Indo Tambangraya Megah will distribute cash dividends of US$ 41.98 million
JAKARTA. PT Indo Tambangraya Megah Tbk (ITMG), a coal company owned by Banpu Group (Thailand), plans to distribute cash dividends of US$ 41.98 million or equivalent to Rp 613.66 billion (in exchange rates of Rp 14,617.59 per dollar).
The decision was approved by the company's Annual General Meeting of Shareholders (AGM) this week. The value of the dividend to be distributed on 23 June 2020 is equivalent to Rp 570 per share.
Previously, ITMG had distributed interim dividends of US$ 55.02 million (Rp 705 per share) on 15 November 2019.
In 2019, ITMG booked net profit of Rp129.43 million. Thus, the total dividend distributed by the company reached 75% of its total net profit. (KR/AR)