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Rig Tenders gains IDR 102.36 billion of dividend from Grundtvig Marine

17 June 2022 12:43

JAKARTA. PT Rig Tenders Indonesia Tbk (RGIS), a marine transportation company circa 1974, has obtained dividend income worth IDR 102.36 billion from Grundtvig Marine Pte Ltd.

Iriawan Hartana, Director of RIGS, said that the dividend will boost the company’s liquidity. “It will then be utilised to improve the company’s working capital,” he added in the information disclosure in Indonesia Stock Exchange (IDX).

According to idnfinancials.com data, Grundtvig Marine is one of its subsidiaries listed in Singapore. Grundtvig Marine is engaged in the investment business, possessing total assets of USD 6.72 million in March 2022.

Throughout 2021, RIGS secured revenue worth USD 16.77 million. Meanwhile, its net profit reportedly reached USD 4.81 million.

RIGS’s stock price at the closing of today’s first trading session was clocked at IDR 460 each. However, since the beginning of the year, it has grown 36.09% or 122 points. (KR/ZH)

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