Good News From Sinar Mas Agro, Producer Of Filma Cooking Oil Owned By Conglomerate Eka Tjipta Widjaja Willing To Divide Dividends Of IDR 531 Billion

JAKARTA - PT Sinar Mas Agro Resources and Technology Tbk (SMAR) will distribute interim dividends for the 2021 financial year to shareholders. Cooking oil producer Filma, often referred to as PT SMART Tbk, will distribute an interim dividend of Rp185 per share.

In SMART's disclosure of information on the Indonesia Stock Exchange (IDX) website, quoted on Tuesday, November 2, the company from the Sinar Mas Group owned by conglomerate Eka Tjipta Widjaja will pay a total dividend of Rp531.35 billion to shareholders.

"Based on the decision of SMART's board of directors and the approval letter of the board of commissioners dated October 29, 2021, SMART will distribute an interim dividend for the 2021 financial year," said SMART Deputy Director Jimmy Pramono.

The following is the schedule for the distribution of PT SMART Tbk's interim dividend:

- Cum dividend in regular market and negotiated market: November 9, 2021

- Ex dividend on regular market and negotiated market: 10 November 2021

- Cum dividend on cash market: 11 November 2021

- Ex dividend on cash market: 12 November 2021

- Recording date: 11 November 2021

- Dividend payment: November 24, 2021

For your information, SMART earned a net profit of IDR 1.79 trillion in the third quarter of 2021. The net profit of this plantation and plantation product processing company shot up to 735.75 percent on an annual basis from IDR 214.72 billion in the first nine months of 2020.

One of the pillars of SMAR's profit surge was the increase in revenue which reached 43.19 percent on an annual basis. Until the end of September 2021, SMART pocketed a jumbo revenue of IDR 40.38 trillion.