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Bisnis.com, JAKARTA – PT Indah Kiat Pulp Transmitter and Tbk Paper. distributed a total dividend of 39.22 million US dollars for the performance of the fiscal year 2017. By calculating the average rate of Bank Indonesia, the value of the dividend is equivalent to R4747.1 billion.
Based on the results of the General Meeting of Shareholders (AGM) held Wednesday 27/6/2018 by the company, the issuer's management with pbadword INKP mentioned a cash dividend per share to distribute an amount of Rp100.
The dividend value of US $ 39.22 million represents 9.5% of the company's total net income in 2017 of US $ 413.2 million.
In addition to the dividend distribution, the company's net profit is also used for the company's reserves of $ 1 million, or Rp13, 95 billion setra. The rest will be included in the Sinarmas group entity as retained earnings or profits not distributed.
Kurniawan Yuwono, director of Indah Kiat Pulp and Paper, said the company had recorded a positive performance in 2017. The company's net sales have increased, supported by higher sales volume and better margin.
"Consolidated earnings also accelerate the increase, due to the higher profit margin," Kurniawan told Jakarta on Wednesday (27/6/2018).
Based on the company's financial statements, Indah Kiat achieved a turnover of 3.13 billion US dollars up 14.9% over 2016. The issuer with INKP code recorded a 103.84% increase in net income to $ 413.21 million.
Meanwhile, the paper-producing enterprise owned by other Sinarmas Group which is PT Pabrik Kertas Tjiwi Kimia Tbk. decided a dividend of $ 6.7 million for fiscal 2017, or 93.4 billion rupees.
With this value, the cash dividend per share of the issuer with the TKIM code is Rp30. If calculated from net income, the TKIM dividend ratio is 24.5%. The company also uses US $ 1 million as the company's reserves, the rest being used as retained earnings.
Tjiwi Kimia achieved a turnover of 1.01 billion dollars in 2017, up 1.5% over the previous year. During the year 2017, the net profit attributable to the owners of the parent company of the issuer with the TKIM code jumped 254.6% to 27.3 million US dollars.
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