JAKARTA – Shareholders of PT Daaz Bara Lestari Tbk (DAAZ) have approved the distribution of a cash dividend amounting to IDR 249.62 billion, equivalent to 55% of the company’s net profit for the 2024 fiscal year, which reached IDR 455.22 billion.

According to the minutes of the Annual General Meeting of Shareholders (AGMS) on Tuesday (3/6), Yulianti, Chief of Investor Relations at DAAZ, stated that shareholders had approved a dividend of IDR 125 per share.

In addition, Yulianti noted that shareholders also approved an allocation of IDR 6 billion to reserves from the 2024 net profit, with the remainder to be retained to strengthen working capital.

DAAZ’s retained earnings not yet appropriated rose by 33.20% to IDR 1.01 trillion. Meanwhile, total equity jumped 74.72% to IDR 2.07 trillion.

On the other hand, the company’s share price fell by 0.47% during today’s trading session up to 2:39 PM WIB. The share price also declined by 8.89% over the past week, although it has risen 1.69% over the past month. (LK/KR/ZH)