Home » Business » Print Rp 15 T Profit, Pertamina Deposits Rp 4 T Dividend in 2021

Print Rp 15 T Profit, Pertamina Deposits Rp 4 T Dividend in 2021

Jakarta, CNBC Indonesia The General Meeting of Shareholders of PT Pertamina (Persero) today, Monday (14/06/2021) reported the achievement of net profit for the 2020 fiscal year (audited) of US$ 1.05 billion, or around Rp. 15.3 trillion (assuming an exchange rate of Rp. 14,572 per US$).

Pertamina Acting Senior Vice President Corporate Communication & Investor Relations, Fajriyah Usman, said that from the profit in 2020, the GMS also approved Pertamina’s dividend payment this year of Rp 4 trillion, or with a dividend payout ratio (dividend payout ratio) 26.11% of net profit 2020. This is the highest dividend ratio, compared to the previous three years since 2017-2019 which was in the range of 22-24%.

“According to the results of today’s GMS, the value of the 2020 fiscal year dividend that Pertamina will pay this year is Rp 4 trillion,” he told CNBC Indonesia, Monday (14/06/2021).

Fajriyah said, this dividend payment proves that although in 2020 and 2021 the impact of the pandemic will still be felt and pose a big challenge, Pertamina as a state-owned company remains consistent in making a real contribution to state finances and national economic growth.

In addition to dividends, he continued, Pertamina also contributes to state finances in the form of taxes, Non-Tax State Revenue (PNBP), and other forms of revenue. Apart from that, throughout 2020 Pertamina has also supported the government in handling Covid-19 with a contribution value of Rp. 1.7 trillion.

“Pertamina hopes that we can get out of the Covid-19 pandemic soon so that the economy can continue to grow, energy needs will return to normal, so that Pertamina’s income will increase and can contribute more to the country and the people of Indonesia,” said Fajriyah.

Positive financial performance was also demonstrated by EBITDA of US$ 7.6 billion with an EBITDA Margin of 18.3%. This shows that Pertamina’s financial condition is safe and able to survive in the midst of the global economic crisis.

“Pertamina’s 2020 performance has received shareholder approval which was submitted at the General Meeting of Shareholders (GMS), Monday, June 14, 2021,” he said.

Fajriyah also emphasized that in this GMS there was no change of Pertamina’s Commissioners-Directors.

“There is no (change of Commissioners-Directors). Only the AGM ratification of financial and annual reports,” he said.

Fajriyah explained, since the Covid-19 pandemic hit the world, Pertamina has made various efforts to improve performance, in accordance with the direction of the Minister of SOEs, namely to carry out transformation, optimization, efficiency, and accountability consistently across all lines of the company so that the consolidated revenue at the end of 2020 can reach US$1. $41.47 billion.

[Gambas:Video CNBC]

(wia)


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