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Eastparc Hotel arranges dividend distribution of IDR 1.7 per share

26 July 2022 10:18

JAKARTA. PT Eastparc Hotel Tbk (EAST), the owner of five-star hotel Eastparch in Yogyakarta, announces the plan of interim dividend distribution of IDR 1.7 per share or IDR 7.01 billion, cumulatively.

Muhammad Anis, Director of EAST, said that this plan was corroborated by the board of directors of the company. “It had been approved by the board of commissioners on July 22, 2022,” he continued in the information disclosure in Indonesia Stock Exchange earlier today (26/7).

The interim dividend will be channelled out to EAST’s shareholders whose names have entered the official list by the recording date on August 5, 2022. Then, the disbursement will follow on August 15, 2022.

According to idnfinancials.com data, EAST managed to raise a net profit of IDR 13.24 billion at the end of the first half of 2022. Until June 2022, the company also reported having cash and cash equivalents of IDR 7.03 billion and total equity of IDR 247.03 billion.

For the record, EAST’s stock price was seen stagnant at IDR 92 per share until 10.06 AM WIB. In general, its stock price has dropped 4.17% since the beginning of this year or year-to-date (ytd), shifting 4 points lower from IDR 96 per share. (KR/ZH)

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