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AKR Corporindo to distribute dividends up to IDR 296.06 billion

03 May 2021 19:33

JAKARTA. PT AKR Corporindo Tbk (AKRA), the petroleum and chemical products distributor, to distribute its dividend amounting to IDR 296.06 billion, equal to IDR 75 each, from its net profit in 2020.

The said action had gained approval during the company’s Annual General Shareholders Meeting last week. In addition to dividend distribution, the shareholders also agreed to allocate IDR 200 billion of its net profit to reserve funds. Then, the remaining IDR 431.29 billion would be stored as retained earnings for working capital.

According to idnfinancials.com, AKRA had shared an interim dividend of IDR 197.37 billion to its shareholders last year. Therefore, the total distributed dividend taken from its 2020’s net profit has now reached IDR 493.43 billion.

The dividend would be delivered to the listed shareholders by May 17, 2021. By now, the management has not yet decided the cum date and when would the payment be made. (KR/ZH)

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