MedcoEnergi Announces Final Dividend Distribution For Fiscal Year 2023

JAKARTA - PT Medco Energi Internasional Tbk (MedcoEnergi) today distributes the final dividend for the 2023 financial year.

Dividend payments amounted to 45,045,000 US dollars or equivalent to Rp736 billion.

This brings the total dividend paid for the 2023 financial year to 70,045,000 US dollars or Rp44.8060 per share.

MedcoEnergi President Director, Hilmi Panigoro, said this number increased by 16 percent of the dividends paid for the 2022 financial year.

"We are happy to be able to distribute the 2023 final dividend to shareholders. This shows our commitment to give appreciation to shareholders for their continued trust and support," he said in a statement to the media quoted on Saturday, June 29.

For information, MedcoEnergi recorded a net profit of 330.67 million US dollars throughout 2023, down by 37.7 percent on an annual basis or year on year (yoy) compared to 2022 of 530.88 million US dollars.