Good News From MPMX, Companies Owned By Conglomerates Edwin Soeryadjaya And Sandiaga Uno Will Divide IDR 800 Billion Dividend

JAKARTA - PT Mitra Pinasthika Mustika Tbk (MPMX) will distribute cash dividends of around IDR 800 billion or IDR 180 per share.

This has been approved by the shareholders at the annual general meeting of shareholders (AGM) and the extraordinary general meeting of shareholders (EGMS) MPMX on Wednesday 18 May.

MPMX Finance Director Beatrice Kartika in MPMX's public presentation said that the number of dividends distributed this time was greater than last year's dividend value of IDR 115 per share.

The schedule and procedure for the distribution of dividends will soon be announced by the company. For information, in 2021, MPMX recorded a net profit for the current year of IDR 402 billion, a 208 percent increase from the previous year of IDR 134 billion.

For revenue in 2021, MPMX posted IDR 12.9 trillion, up 15 percent compared to revenue in 2022 of IDR 11.18 trillion.

Based on data from the Indonesia Stock Exchange (IDX), the majority of MPMX shares are held by PT Saratoga Investama Sedaya Tbk (SRTG), which is 56.69 percent or 2,530,083,541 shares. If the number of MPMX shares owned by Saratoga is multiplied by the number of dividends per share of IDR 180, then the total dividends that SRTG gets from MPMX is around IDR 455 billion.