Jakarta, CNBC Indonesia – The mining company, PT Bukit Asam (Persero) Tbk, has reported that it will pay an interim dividend to shareholders in the near future. Finance and risk management director Farida Thamrin said the company has sufficient funds this year.
Farida said that historically the company has never paid interim dividends, because dividends are the authority of the shareholders.
“Historically we have never given interim dividends. Dividends that we are in the domain of the shareholders. We will prepare the cash,” he said Thursday in a discussion via YouTube (3/11/2022).
Farida admitted that she was ready if the company received orders from shareholders. “The third quarter condition of up to 14 trillion rupees is higher than the full year 2021. Don’t worry, we have enough cash, even if it is ordered by the shareholders, we will support it,” she said.
Farida added that, with the current condition of coal demand and positive corporate performance, investors can enjoy the rewards of their investment. Furthermore, he expects liquidity to continue to increase until the end of the year.
“Cash dividends are safe. Especially with coal today. We expect the money to rise until the end of the year. But back to the shareholders, we will prepare the money,” he concluded.
Quoting its official website, the financial performance of PT Bukit Asam Tbk (PTBA) grew positively in the third quarter of 2022 recording a turnover of Rp 31.07 trillion, up 60.31% compared to the realization in the same period. last year of Rp 19.38 trillion.
Meanwhile, the company’s net profit reached Rp 10 trillion in the third quarter of 2022. That figure jumped 110% from the nine months of 2021 to Rp 4.76 trillion. The cost of PTBA’s revenue increased from Rp 11.13 trillion to Rp 17.19 trillion in January-September of this year. As a result, gross profit was recorded at Rp 13.87 trillion, with an increase of Rp 8.25 trillion in the third quarter of 2021.
The company’s operating profit in the nine months of 2022 was Rp 12.06 trillion, up from Rp 6.31 trillion. Meanwhile, the profit for the current period reached Rp 10.17 trillion, or jumped from the third quarter of 2021 to Rp 4.85 trillion. The total assets of Bukit Asam as of September 30, 2022 are valued at Rp 41.21 trillion, an increase compared to December 31, 2021, which amounted to Rp 36.12 trillion.
Total liabilities as of September 30, 2022 are Rp 14.78 trillion, higher than the figures of December 31, 2021, which are Rp 11.86 trillion. Thus, PTBA’s net worth was recorded at IDR 26.43 trillion on September 30, 2022, up from December 31, 2021, which amounted to IDR 24.25 trillion.
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