Jakarta, CNBC Indonesia – State-owned coal company PT Bukit Asam Tbk (PTBA) has announced the amount of dividend to be paid early next year. PTBA chief executive Arsal Ismail said it would be up to the shareholders.
“The issue of dividends is a problem for shareholders, but just look at the history and annual GMS, only April-May there is clarity,” Arsal explained in Jakarta on Friday (12/16/2022).
On the other hand, even Arsal cannot confirm the share, but assures that it will not be far from past deposits. After being the most active stock through Thursday (12/15/2022), shares of PTBA turned red at the close of session I on Friday (12/15/2022).
PTBA shares closed at IDR 3,770, down 0.27%, while the average price today ranges between IDR 3,720 and IDR 3,770 with a frequency of 1,880. The market capitalization of PTBA today is IDR 43.32 trillion.
As is known, Bukit Asam pays out huge dividends every year. In the financial year 2021, the company will distribute dividends equal to 100% of the 2021 net profit of IDR 7.9 trillion or IDR 688.51 per share.
Inalum or MIND is a shareholder of the company as Mining BUMN Holding which is 65.93%. Additionally, the people under 5% hold 33.78% of PTBA stock.
In the third quarter, the company reported a profit for the year attributable to the owners of the parent entity of IDR 10 trillion. Meanwhile, net profit jumped 109.75% year-on-year from the previous IDR 4.76 trillion.
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