Semen Baturaja Distributes Dividends Of IDR 18.96 Billion

Photo: Doc. Semen Baturaja

PT Semen Baturaja Tbk (SMBR) as a subsidiary of PT Semen Indonesia (Persero) Tbk (SIG) held the 2022 Annual General Meeting of Shareholders (AGMS) at the Sari Pacific Hotel, Jakarta on Monday 8 May which was chaired directly by SMBR President Commissioner Francis MA Sibarani.

At the AGMS, SMBR managed to record a positive performance in the 2022 financial year by pocketing a net profit of IDR 94.83 billion or grew 103 percent compared to the 2021 period of IDR 46.7 billion. SMBR also approved the distribution of dividend payout ratios of 20 percent with a total cash dividend value of IDR 18.96 billion and the remaining 80 percent or IDR 75.86 billion was designated as other reserves.

President Director of SMBR, Daconi Khotob said that in 2022, SMBR was able to record a sales volume growth of 4 percent to 2.01 million tons, even though the national cement demand, especially in the South Sumatra region, which is the main SMBR market, experienced corrections.

Not only that, but SMBR also managed to record revenue throughout 2022 of IDR 1.88 trillion or grew 7 percent compared to last year's period. In terms of EBITDA, it was recorded at IDR 437 billion or grew 5 percent compared to 2021.

This positive performance record is inseparable from the success of the Company's strategic initiative in 2022 which focuses on three initiatives, namely the Cost Leadership Through SMBRGO45 Program, Strengthen Market Positioning and Competency Improvement of Employee. This is the company's flagship program in order to streamline costs in various fields and carry out the best practices in the operation so that it can achieve positive performance," said Daconi.

Changes In The Composition Of The Company's Management

The AGMS also approved changes to the management structure. The Company expressed its gratitude and gave the highest appreciation for the contribution of the company's management which was replaced in maintaining SMBR's financial and operational performance.

The meeting honorably dismissed Tubagus Muhammad Dharury as Director (Fungsi Keuangan dan SDM).

Furthermore, the Meeting appointed the Board of Directors of the Company, namely Rahmat Hidayat as Director (Fungsi Keuangan dan SDM). Along with the approval of the changes, the composition of the company's management becomes:

Board of Commissioners

President Commissioner: Franciscus MA SibaraniCommissioner: Hadi DaryantoIndependent Commissioner: Chowadja Sanova Board of Directors of the CompanyPresident Director: Daconi Khotob Director (Operation Function): Suherman Yahya Director (Financial and HR Functions): Rahmat Hidayat