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Asuransi Dayin Mitra will distribute cash dividends worth Rp 14.98 billion

15 June 2020 13:57

JAKARTA. PT Asuransi Dayin Mitra Tbk (ASDM), an insurance company owned by PT Equity Development Investment Tbk (GSMF), will distribute cash dividends worth Rp 14.98 billion (Rp 78 per share), taken from its net profit in FY2019.

Cum date on the regular market and negotiated market were set on 18 June 2020, and 22 June 2020 in the cash market. Dividend payments will be made on 10 July. The remaining 2019 net profit will be recorded as retained earnings, because ASDM already has reserve funds.

The ASDM's Board of Directors explained that in 2019, the company recorded a net profit of Rp 27.84 billion. 26.85% lower than its record in 2018 of Rp 38.06 billion.

In terms of revenue, ASDM actually recorded positive performance, although its revenue only rose 2.7% YoY to Rp204.12 billion in 2019. However, its revenue expense rose by Rp 13.93% YoY to Rp.170.46 billion. (KR/AR)

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