PT Ace Hardware Indonesia Distributes Cash Dividend of IDR 31.06 per Share

PT Ace Hardware Indonesia Tbk (ACES) has announced its decision to distribute a cash dividend of IDR 31.06 per share, totaling IDR 531.75 billion. The decision was made at the Annual General Meeting of Shareholders (AGMS) held on June 21, 2023. The dividend payout ratio (DPR) set by the company is 80 percent of the total net profit for the 2022 financial year, which amounted to IDR 673.64 billion.

It is worth noting that ACES’s total net profit for the previous year decreased by 4.42 percent compared to 2021, reaching IDR 704.80 billion. Despite this decline, ACES experienced a 3.35 percent year-on-year increase in sales and operating income, amounting to IDR 6.76 trillion. However, the increase in certain expense items impacted the company’s bottom line.

In addition to distributing dividends, ACES plans to utilize the remaining net profit as retained earnings. Shareholders who are eligible for the dividends are those whose names are registered in the register of shareholders (DPS) by July 6, 2023.

Taking advantage of Indonesia’s projected economic growth of 5.3 percent, PT Ace Hardware Tbk (ACES) aims to boost sales and achieve revenue and profit growth of up to 10 percent in 2023. Melinda Pudjo, Corporate Communications Ace Hardware, stated that the company anticipates a revival in the retail industry and is preparing various strategies, including the expansion of additional outlets. Pudjo mentioned that the company plans to add 10 new stalls this year.

ACES’s decision to distribute dividends reflects its commitment to rewarding shareholders and utilizing its net profit effectively. With the projected growth in the retail industry and the company’s strategic plans, ACES aims to capitalize on the favorable economic conditions and achieve its growth targets in the coming year.

What strategies is ACES implementing to achieve its goal of revenue and profit growth in 2023

PT Ace Hardware Indonesia Tbk (ACES) has recently announced its decision to distribute a cash dividend of IDR 31.06 per share, totaling IDR 531.75 billion. This decision was made at the Annual General Meeting of Shareholders (AGMS) held on June 21, 2023. The company has set a dividend payout ratio (DPR) of 80 percent of the total net profit for the 2022 financial year, which amounted to IDR 673.64 billion.

Despite a 4.42 percent decrease in total net profit from the previous year, which reached IDR 704.80 billion in 2021, ACES experienced a 3.35 percent year-on-year increase in sales and operating income, amounting to IDR 6.76 trillion. However, certain expenses impacted the company’s bottom line.

Apart from distributing dividends, ACES plans to utilize the remaining net profit as retained earnings. Shareholders eligible for the dividends are those whose names are registered in the register of shareholders (DPS) by July 6, 2023.

In line with Indonesia’s projected economic growth of 5.3 percent, PT Ace Hardware Tbk (ACES) aims to boost sales and achieve revenue and profit growth of up to 10 percent in 2023. Melinda Pudjo, Corporate Communications Ace Hardware, stated that the company anticipates a revival in the retail industry and is preparing various strategies, including the expansion of additional outlets. Pudjo mentioned that the company plans to add 10 new stalls this year.

ACES’s decision to distribute dividends emphasizes its commitment to rewarding shareholders and effectively utilizing its net profit. With the projected growth in the retail industry and the company’s strategic plans, ACES aims to capitalize on the favorable economic conditions and achieve its growth targets in the coming year.