Home » today » Business » Mitratel Records Net Profit of IDR 1.78 Trillion, to Distribute Total Dividend of IDR 1.7 Trillion in 2023 AGMS

Mitratel Records Net Profit of IDR 1.78 Trillion, to Distribute Total Dividend of IDR 1.7 Trillion in 2023 AGMS

Jakarta

PT Dayamitra Telekomunikasi Tbk (MTEL) or Mitratel recorded a net profit of IDR 1.78 trillion. The company will distribute dividends of 70% of net profit and 29% of special dividends.

If it is calculated that 70% of the profit is IDR 1.78 trillion, then the dividend that will be distributed is IDR 1.24 trillion. This does not include the special dividend of 29% or IDR 516 billion. Thus, Mitratel’s total dividend is IDR 1.7 trillion.

“Mitratel throughout 2022 recorded strong and sustainable growth in financial performance,” said Mitratel Main Director Theodorus Ardi Hartoko in a public expose at the Four Seasons, South Jakarta, Friday (14/4/2023).

He continued, dividend distribution is a form of Mitratel’s commitment to provide the best value to shareholders.

“To continue this year’s positive performance growth, the company has developed a tower ecosystem development strategy by continuing to maintain organic business growth, expanding services in the tower ecosystem, and capturing inorganic opportunities,” said Teddy.

Mitratel Director of Investment Hendra Purnama said that the distribution of dividends would be almost 100% in May 2023. “The distribution will take no longer than one month after the GMS before May 17,” he said.

For information, Mitratel recorded revenue in 2022 of IDR 7.73 trillion, up 12.51% from IDR 6.87 trillion in 2021. Mitratel pocketed a net profit of IDR 1.78 trillion, up 29.25% from IDR 1.38 trillion.

Mitratel allocates IDR 7 trillion for capital expenditure to support its organic and inorganic business development plan this year which is expected to improve the company’s performance.

In addition to the agenda for determining the use of net profit, the 2022 Mitratel AGMS discussed 9 other agenda items, including the Company’s Annual Report for the 2022 Fiscal Year, including the Board of Commissioners’ Supervisory Task Report. In addition, the 2022 Fiscal Year Financial Report and the discharge of responsibilities of members of the Board of Directors and Board of Commissioners were also discussed.

Other agenda items related to remuneration (salary/honorarium, facilities and allowances) for the 2023 financial year, as well as tantiem for the 2022 financial year for the Board of Directors and the Board of Commissioners of the company, Appointment of a Public Accounting Firm to examine the 2022 Financial Statements including an audit of internal control over reporting finance. The company also reported the use of the proceeds from the initial public offering of the company’s shares and conducted discussions on changes to the use of the proceeds from the initial public offering of the company’s shares.

(ara/that)

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