Good News From AKR Corporindo, This Company Owned By Soegiarto Adikoesoemo Conglomerate Wants To Divide Dividends Of IDR 572.4 Billion

JAKARTA - The company owned by the Soegiarto Adikoesoemo conglomerate, PT AKR Corporindo Tbk (AKRA) will distribute dividends of IDR 29 per share or equivalent to IDR 572.4 billion to its shareholders. The dividend is 51.5 percent of the company's 2021 net profit of Rp1.11 trillion.

The Company previously distributed an interim dividend of Rp 12 per share on August 19, 2021. The remaining dividend of Rp 17 per share will be paid on May 24, 2022.

The schedule for payment of cum and ex dividends in the regular market and negotiations is on 17-18 May 2022. Meanwhile, Cum and Ex dividends in the cash market will be held on 19-20 May 2022 and cash dividend payments are 24 May 2022.

For information, during 2021 AKR Corporindo recorded revenues of Rp. 25.46 trillion or a significant growth of 45.57 percent from the same period last year, which was Rp. 17.49 trillion. Net profit also increased by 20% to Rp1.13 trillion from the previous Rp961.99 billion.

This positive performance is in line with the company's ability to maintain product availability with competitive advantages and risk management. Second, develop and market JIIPE to support the growth of the national industry.

During 2021, the company will also continue the retail expansion of bp AKR, initiate the development of cleaner and renewable energy distribution and maintain the implementation of the company's sustainability policy.

The company's commitment to implementing this strategy has yielded sweet results. The issuer, which is engaged in providing logistics, supply chains for fuel and basic chemicals, managed to record a net profit of the first quarter of 2022, up 40 percent to Rp428 billion compared to Rp305 billion in the previous year.

In the same period, AKRA's revenue also rose 98 percent to Rp 10.13 trillion. This positive performance was supported by the trade & distribution segment which recorded revenue growth of 113 percent on an annual basis.

"The company was able to produce a strong performance despite market conditions full of uncertainty due to recent geopolitical conditions and significant turmoil in the energy and commodity markets," said President Director of AKR Corporindo (AKRA) Haryanto Adikoesoemo, in a statement, quoted Friday 29 April.