Good News From Conglomerate Anthony Salim's Bimoli Cooking Oil Producer, They Want To Distribute IDR 196.88 Billion Dividend

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JAKARTA - The plantation company belonging to conglomerate Anthony Salim, PT Salim Ivomas Pratama Tbk (SIMP) has set a cash dividend of IDR 13 per share. This is equivalent to 20 percent of net profit for the 2021 financial year which was recorded at IDR 984.41 billion.

The decision was agreed at the annual general meeting of shareholders (AGM) of the producer of Bimoli cooking oil, which was held on Thursday, July 21. If it is calculated, the total dividend to be distributed by SIMP is around IDR 196.88 billion.

"Distribution of cash dividends of IDR 13 per share to be paid on August 23, 2022," wrote Mark Wakeford, President Director of Salim Ivomas Pratama in his official statement, quoted on Friday, July 22.

Wakeford further expresses appreciation and gratitude to all shareholders for their continued trust and support through these challenging conditions.

"The SIMP Group will continue to manage business activities carefully, in line with economic and market conditions and manage operations in a sustainable manner," he said.

The SIMP Group, he continued, will continue to focus on improving cost control and efficiency, investing in capital expenditures on aspects that have the potential for growth and increased productivity.

For information, in 2021 SIMP's net profit jumped 320.18 percent on an annual basis from the realization of IDR 234.28 billion in 2020. The increase was driven by the heating up of crude palm oil (CPO) prices and its derivative products.