PGN Distributes Dividends For Fiscal Year 2021 In The Amount Of Rp3.01 Trillion

JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT PGN Tbk, as Subholding Gas of PT Pertamina (Persero), approved the distribution of dividends of 67.8 percent of net profit in 2021.

In this AGMS, it was decided to distribute dividends for the 2021 financial year of 205.955 million US dollars, which is equivalent to Rp. 3.016 trillion, or Rp. 124.42 per share to the government and shareholders.

This amount is equivalent to 67.8 percent of PGN's net profit in 2021.

The AGM also ratified the Company's Annual Financial Report for the 2021 Fiscal Year and the Financial Statements of the Partnership and Community Development Program (PKBL) for the 2021 Fiscal Year.

Subsequently, the AGMS approved the appointment of the Purwantono, Sungkoro & Surja Public Accounting Firm (a member firm of Ernst & Young Global Limited) for the 2022 audit and the amount of bonus for the 2021 financial year and salaries/honorariums, allowances, facilities and other incentives for the 2022 financial year. for members of the board of directors and board of commissioners.

For changes to the company's management, Pertamina as the recipient of the power of attorney from Series A Dwiwarna did not propose changes to the management and the AGMS canceled the agenda for changing the management.

"In its role as Pertamina Gas Subholding, the company continuously optimizes every natural gas opportunity through gasification, LNG trading and retail programs, which are the company's current and future focus," said PGN Corporate Secretary Rachmat Hutama as quoted by Antara, Friday, May 27.

With a business portfolio covering upstream, midstream, and downstream, PGN is committed to managing a natural gas, CNG and LNG business chain that is integrated with natural gas infrastructure networks in various parts of Indonesia.

Currently, the company is focused on finalizing the completion of the Rokan Block oil transportation pipeline, Riau, to distribute 265,000 barrels of crude oil from the Rokan Block per day, which supports the increase in Indonesia's oil production.

In addition, the company is also developing a gas network (jargas), which in addition to serving households, is also an entry point for distribution network expansion to other business segments, by increasing the added value of data digitization services and smart meters.

The next strategic project is the gasification of power plants through the construction of natural gas infrastructure for power plants located in central and eastern Indonesia as well as gasification of oil refineries to support the efficiency of Pertamina's oil refineries in Cilacap (Central Java), Balongan (Jabar), and Balikpapan (Kaltim), as a form of synergy between Pertamina Group.

"PGN as Pertamina's Gas Subholding is committed to sustainably optimizing every natural gas opportunity through gasification programs in all sectors as a transitional energy solution that is the company's focus in the long term," Rachmat concluded.