JAKARTA - PT Indorama Synthetics Tbk (INDR), a garment and textile company, generated US$ 62 million of net profit in 2018. This net profit includes the stock release worth US$ 33 million of the associate company.
Vishnu Swaroop Baldwa, President Director of PT Indorama Synthetics Tbk (INDR) stated that the net profit from the performance excludes the stock release worth US$ 29 million of the company’s entity. “The net profit realisation in 2018 grew than the profit target at US$ 25 million,” he said.
In the general annual meeting of shareholders, the shareholders approved US$ 46.29 million of retained earnings, US$ 15.49 million of dividend, and US$ 1,000 of reserve funds. The cash dividend will be distributed to the 654,351,707 shareholders. The dividend is equivalent to Rp 222.47 million, with the currency of Rp 14.360 per US$ 1. (LK/W)