JAKARTA - PT Prima Globalindo Logistik Tbk (PPGL) is optimistic to be able to distribute an interim dividend of IDR 1.5 billion from the profit, for 2020 financial year, though the profit performance by September 2020 was recorded at IDR 3.5 billion. The dividend amount is above 30% of the current year's profit.
Darmawan Suryadi SM, President Director of PPGL, conveyed the reason for distribution of interim dividends was because the company received an increase in demand for export management services in the second semester of 2020. "Therefore, the board of directors submitted a request for approval to the board of commissioners. Apart from that, dividend distribution will not disturb the company's financial condition, "he said in an information disclosure, Thursday (3/12).
According to him, the company's performance was affected by COVID-19 pandemic, in which the customers rejected the proposal to increase the tariff for land transportation services. However, this did not last long, because from October to November 2020 there was an increase in demand for land transportation services from customers. "Significant income will also occur in December 2020, so the company is optimistic that it will get better results in the fourth quarter of 2020," he said.
He stated that the performance in fourth quarter of 2020 would encourage the company to be able to collect a profit of IDR 13.2 billion - as targeted at the beginning of the year. PPGL plan to pay dividends on December 22, 2020, in which cum-and-ex dividends in regular market and negotiations are scheduled for 4 and 7 December 2020, as well as ex and cum dividends on the cash market on 8 and 9 December 2020. (LK/VA)