Earning IDR 15.45 Trillion Profit, CSAP Ready To Distribute 19 Percent Dividend

JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Catur Sentosa Adiprana Tbk (CSAP) approved to distribute IDR 49 trillion or 19 percent of the profit as cash dividends to shareholders.

"It will be distributed on May 11, 2023 to shareholders whose names are registered on April 19, 2023," said Director of CSAP Andy Totong at a press conference, Thursday, April 6.

In addition to dividend distribution, the GMS also approved an increase in the company's authorized capital, which was originally Rp600 billion to Rp800 billion.

"The GMS also approved the addition of the company's capital by issuing a total of 1.5 billion shares with a nominal value of IDR 100 per share.

He explained, according to the company's revenue, the company recorded a growth of 8.51 percent from Rp14.25 trillion to Rp15.45 trillion.

The company recorded a net profit attributable to the parent entity (clean tax) of IDR 246 billion, an increase of 11.81 percent compared to the same period in 2021, which was IDR 220 billion.

This figure is the highest achievement in the last five years.

In 2023, CSAP plans to achieve its target of having 50 Mitra10 outlets with plans to open 5 new Mitra10 superstore outlets.

To support this target, the company has allocated IDR 1.3 trillion for capital expenditures by 2023, with 15 percent allocated for the distribution segment and 85 percent for the modern retail segment.