Bukit Asam to distribute Rp 3.65 trillion in dividends
JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Bukit Asam Tbk (PTBA) today (10/6), approved the distribution of dividends for the fiscal year 2019 of Rp 3.65 trillion. This figure is equivalent to 90% of the company's total net profit of Rp 4.1 trillion.
In 2019, PTBA’s revenue was recorded at Rp 21.8 trillion, up around 3% from the previous year of Rp 21.2 trillion. This revenue consisted of domestic coal sales by 57%, export coal sales by 41% and other activities by 2%.
For information, PTBA coal production increased by 10.2% yoy to 29.1 million tons. Coal transport capacity also rose 7% to 24.2 million tons. The increase in coal production and transportation has also boosted the company's coal sales. Last year, the company managed to sell 27.8 million tons of coal, up 13% from the previous year. (LM)