Happy News From Pakuwon, Kasablanka City Developer And Konglomerat-Owned Gandariat Alexander Tedja Mau Bagi Dividend Rp193 Billion

Kasablanka City Mall. (Photo: Doc. Pakuwon Jati)

JAKARTA - PT Pakuwon Jati Tbk (PWON), the property carrier owned by the conglomerate Alexander Tedja, will distribute a cash dividend of IDR 193 billion or equivalent to 14 percent of the 2021 net profit of IDR 1.3 trillion. This dividend value is in accordance with the shareholder's decision at the Annual General Meeting of Shareholders (GMS) and the Extraordinary GMS. Director and Corporate Secretary Pakuwon Jati Minarto Basuki said the dividend value was equivalent to Rp. 4 per share. "The dividend distribution illustrates the company's commitment to shareholders and is a momentum for economic revival due to COVID-19," Minarto said in a statement, quoted Thursday, July 7. In addition to approving the dividend distribution, shareholders agreed on a Rp 1 billion fund for reserve funds. The funds are re-invested to strengthen the company's recurring revenue growth base and development. For information, the managers and developers of the Kota Kasablanka and Gandaria City Malls managed to record a net income of IDR 5.7 trillion. This achievement rose 43.7 percent compared to the previous year of IDR 3.9 trillion. Positive performance can also be seen from gross profit which recorded an increase of 42.4 percent to Rp2.7 trillion, compared to last year's Rp1.9 trillion. Meanwhile, EBITDA throughout 2021 was IDR 2.9 trillion, up 42.2 percent compared to the previous year's IDR 2.0 trillion. The net profit per share in 2021 grew by 48.7 percent.