JAKARTA. PT Multi Indocitra Tbk (MICE), the authorised distributor of Pigeon and Lock&Lock products in Indonesia, announced the plan of dividend distribution, paying out IDR 15 per share or IDR 9 billion in total.
This plan is the outcome of the Annual General Shareholders Meeting of MICE held a couple of days earlier. In this meeting, the shareholders approved the decision to allocate 29.88% of the 2021 net profit as cash dividends.
Based on idnfinancials.com data, MICE managed to collect a net profit of IDR 30.12 billion in 2021. The remaining portion of said net profit will be stored as retained earnings.
Budiman Gitaloka, Corporate Secretary of MICE, claimed that the shareholders had given the liberty to the board of directors of the company to arrange the 2021 net profit budget and utilisation. “It includes managing the dividend distribution to the shareholders,” he reaffirmed in the official release.
It is worth mentioning that MICE’s net profit significantly proliferated by up to 1,016% in 2021. For comparison, in 2020, the company was only stuck with IDR 2.7 billion worth of net profit. (KR/ZH)