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GEMS to pay out interim dividends of USD 60 million

19 November 2021 15:22

JAKARTA. PT Golden Energy Mines Tbk (GEMS), a coal mining company, intends to give out its third interim dividends of USD 60 million for the fiscal year 2021.

This plan was called upon following the decision made by GEMS’s boards of directors and commissioners held on November 12, 2021. In the said meeting, the interim dividends to be distributed were set to USD 0.0102 per share or IDR 145.28. Thus, the total amount would reach IDR 854.58 billion.

The interim dividends would be channelled out to GEMS’s shareholders, whose names are officially listed by November 26, 2021, at 4 PM WIB. The cum dividend for the regular and negotiation market has been scheduled for November 24, 2021, followed by the cum date of the cash market on November 26, 2021. Meanwhile, the payment would be made on December 7, 2021.

According to idnfinancials.com record, GEMS scored net revenue of USD 352.35 million by the first half of 2021. It was 37.95% year-on-year (yoy) higher than the number reported in the same period last year. Meanwhile, its net profit was seen to arrive at USD 44.78 million, jumping 119.66% yoy.

As of September 30, 2021, 66.99% of GEMS’s shares were controlled by Golden Energy and Resources Limited, while GMR Coal Resources Pte Ltd claimed another 30%. Then, PT Sinar Mas Cakrawala owned a small 0.0002%, while public investors shared another 3%. (KR/ZH)

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