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Summarecon Agung gears up for dividend distribution of IDR 99.05 billion

08 July 2022 18:54

JAKARTA. PT Summarecon Agung Tbk (SMRA), a property and real estate developer, will distribute cash dividends of IDR 99.05 billion or equivalent to IDR 6 per share.

Said plan follows the decision made in the Annual General Shareholders Meeting of SMRA held last Thursday (7/7). In this meeting, the shareholdrs agreed to spare 30.6% of the 2021 net profit to be sent out as cash dividends.

These dividends will be channelled out to SMRA’s shareholders whose names have entered the list by the recording date on July 19, 2022, at 4 PM WIB.

Based on idnfinancials.com data, SMRA scored a net profit of IDR 323.71 billion at the end of the fiscal year 2021. The amount of net profit gained in 2021 increased 80% from the 2020 gains.

Furthermore, the shareholders also approved the plan of allocating IDR 5.5 billion of the net profit to the reserve funds. The remaining amount will then be stored as retained earnings. (KR/ZH)

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