SIG Distributes Dividends Of IDR 1.65 Trillion, 70 Percent Of Profit

Photo: Doc. Cement Indonesia Group (SIG)

JAKARTA - PT Semen Indonesia (Persero) Tbk or GIS at the Annual General Meeting of Shareholders (AGMS) approved to distribute cash dividends worth IDR 1.65 trillion or 70 percent of the net profit for the 2022 financial year.

GIS President Director Donny Arsal said that the distribution of cash dividends for the 2022 financial year increased by 61.76 percent year on year (yoy), from the previous Rp1.02 trillion in 2021.

"As much as 30 percent (of the remaining) or Rp709.45 billion is designated as other reserves," said Donny, quoted from Antara, Tuesday, April 18.

He said the company will continue to strive to strengthen capabilities through product and service innovation, strengthen distribution networks and optimize production facilities, increase operational excellence in operational activities, including digitalization initiatives that contribute to efficiency, to target performance improvements in 2023.

"SIG is committed to continuing to maintain market leadership and maintain positive performance in order to create sustainable and value-added business growth for shareholders," said Donny.

In addition, the company's AGMS officially dismissed Astera Primanto Bhakti as Commissioner, Aas Asikin Idat as Independent Commissioner, Aulia Mulki Oemar as Business and Marketing Director, and Adi Munandir as Director of Supply Chain.

Then, the company also changed the nomenclature of the position of the Board of Directors, namely originally the Director of Finance and Risk Management to Director of Finance and Portfolio Management.

Then, the company appointed Yustinus Prastowo as Commissioner, Saor Siagian as Independent Commissioner, Subhan as Business and Marketing Director, and Reni Wulandari as Director of Operations.

Furthermore, the company's AGMS approved the 2022 Annual Book Year Report, including the Supervision Task Report of the Board of Commissioners for the 2022 Fiscal Year, the Financial Statements for the 2022 Financial Year.

In addition, the recitation of the Consolidation Financial Statements for the 2021 Financial Year in connection with the integration of PT Semen Baturaja Tbk, as well as the provision of full payment and release of responsibility to the Board of Directors and Board of Commissioners for the management and supervision actions that have been carried out during the 2022 Financial Year.

For information, this state-owned company (BUMN) in the infrastructure cluster recorded a net profit of IDR 2.36 trillion in 2022, or an increase of 15.5 percent yoy, from the previous IDR 2.047 trillion in 2021.

In addition, in an effort to decarbonize SIG, it increases the use of raw materials and alternative fuels for production activities, as well as the use of solar panels as New and Renewable Energy (EBT) sources for lighting needs, office equipment and factories.

It was noted that during 2022 the company managed to reduce carbon emissions to 590 kg of CO2/ton cement equivalent, or decreased 16.67 percent from the 2010 baseline of 708 kg of CO2/ton cement equivalent, as well as a decrease in the cluster factor by 69.2 percent and an increase in the thermal substitution rate (TSR) by 7.2 percent.