JAKARTA - PT Garudafood Putra Putri Jaya Tbk (GOOD) announced a dividend distribution plan of IDR350 billion from the company's net profit throughout 2024. This decision was made at the company's Annual General Meeting of Shareholders (AGM) on Thursday (24/4).

Director of GOOD, Robert Chandrakelana Adjie, said that net profit in 2024 reached IDR624 billion. Of this amount, around Rp274 billion was allocated as company reserves, while IDR350 billion will be distributed to shareholders as dividends.

‘The dividend distribution for the 2024 financial year has been decided at the GMS, which is IDR9.5 per share, or around 56.1% of the 2024 net profit,’ said Robert in a public expose held on Thursday (24/4).

The dividend for the 2024 financial year is higher than the previous year's dividend of IDR 331.92 billion or equivalent to IDR 9 per share. The dividend distribution plan will be carried out on 21 May 2025, with a record date for shareholders on 7 May 2025.

The increase in dividends is in line with the company's net profit increase of 14.25% year-on-year (yoy) or reaching Rp601 billion in 2024. This positive performance was supported by an increase in GOOD's net sales, which grew 16% to IDR 12.3 trillion in 2024. (DK/LM)