XLSMART Distributes Additional Dividends Of IDR 2.89 Trillion
JAKARTA PT XLSMART Telecom Sejahtera Tbk (XLSMART) will distribute additional dividends of IDR 2.89 trillion or equivalent to IDR 159 per share.
The decision to distribute additional dividends has received approval from shareholders at the Extraordinary General Meeting of Shareholders (EGMS) which was held on Friday, November 21.
XLSMART President Director & CEO Rajeev Sethi explained that the dividend distribution was the first since the merger agency began operating last April.
"The company's decision to provide additional dividends is certainly a form of appreciation to shareholders who have supported the company to continue to grow and develop until after the current merger," he said in his statement, Friday, November 21.
Rajeev also added that this dividend policy reflects XLSMART's strong financial condition after the integration process, thus allowing the company to return value to shareholders without reducing financial flexibility amid increasingly intense industrial competition.
The meeting also approved the use of some retained earnings as of December 31, 2024.
The details, amounting to 30.6 percent of the retained earnings balance, which is Rp2,893,778,129,709, will be distributed as additional final cash dividends.
This amount is equivalent to IDR 159 per share.
In addition, the meeting gave the Board of Directors full authority to determine all matters related to the implementation of the dividend distribution, including payment mechanisms, date determination, schedule announcement, final dividend amount, and other necessary actions.
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Berikutnya, Direksi juga berhak memberikan kuasa dengan hak substitusi kepada pihak yang ditunjuk untuk mendukung pelaksanaan kewenangan tersebut.
Sebagai informasi, XLSmart mencatat pendapatan sebesar Rp30,54 triliun, meningkat 20,44 persen secara tahunan dari Rp25,36 triliun.
Namun, perusahaan masih mengalami kerugian sebesar Rp2,6 triliun, berbalik dari laba bersih Rp1,31 triliun sebelum proses merger.
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Next, the Board of Directors also has the right to grant power with the right of substitution to the appointed party to support the implementation of this authority.
For information, XLSmart recorded revenue of IDR 30.54 trillion, an increase of 20.44 percent on an annual basis from IDR 25.36 trillion.
However, the company still suffered a loss of IDR 2.6 trillion, reversing from a net profit of IDR 1.31 trillion before the merger process.