Fantastic Profit Print, How Is PTBA Dividend?

Photo Of Maria Trisnawati/VOI

JAKARTA - PT Bukit Asam Tbk (PTBA) posted a fantastic profit in 2022. The company posted a net profit of IDR 12.6 trillion or 159 percent from the previous year which was valued at IDR 7.9 trillion.

Regarding the dividend distribution for shareholders this year, PTBA Director of Finance and Risk Management Farida Thamrin revealed that PTBA has prepared funds for dividends for shareholders but he emphasized that the dividend distribution authority is in the hands of shareholders.

"Dividen merupakan area domain pemegang saham. Kami hanya mempersiapkan nanti diputuskan dari pemegang saham," tegas Farida dalam konferensi pers di Jakarta, Kamis 9 Maret.

He explained that the company prepared funds from cash which as of December 31, 2022, amounted to IDR 15.9 trillion.

"We are here to prepare (for dividends). Because our cash in 2022 is IDR 15.9 trillion. Almost IDR 16 trillion," added Farida.

Just so you know, in 2022 PTBA will distribute cash dividends with a total value of IDR 7.9 trillion or IDR 688.5 per share on June 24, 2022.

Furthermore, Farida explained, related to PTBA's profit achievement in 2022, it was supported by an increase in the average selling price (ASP) or the average selling price of coal.

He revealed that the realization of Bukit Asam's ASP at the end of 2022 reached IDR 1.3 million per ton, up 30 percent compared to the realization of ASP in 2021 which was only IDR 1 million per ton.

"Our ASP in 2022 is higher than the target plan. The realization of ASP 2022 is IDR 1.3 million compared to 2021 IDR 1 million. So there is an increase in ASP," he said.

Despite experiencing an increase in the average selling price, he admitted that the company is also still anticipating the correcting price of coal selling in 2023.

In 2023 PTBA targets an increase in coal production to 41 million tons for 2023 or an increase of 11 percent from the realization in 2022 of 37.1 million tons with the target of transportation in 2023 increasing to 32 million tons, an increase of 11 percent from the realization of transportation in 2022 which amounted to 28.8 million tons.

Regarding coal sales volume in 2023, the Company targets an increase in sales to 41.2 million tons, an increase of 30 percent from the realization of coal sales in 2022 which amounted to 31.7 million tons.