Precision PP AGMS, Decide To Hold Profit And Reshuffle The Board Of Commissioners And Directors

Photo: Doc. PP Precision

JAKARTA - PT PP Presisi Tbk (PPRE) has just held an Annual General Meeting of Shareholders (AGMS), today, Wednesday, May 24. Two important decisions in the AGMS, namely, did not distribute dividends and reshuffled commissioners.

Director of Finance, Manrisk and Legal PPRE Arif Iswahyudi said the company's shareholders agreed to use the net profit attributable to owners of the parent entity amounting to Rp5.03 billion or equivalent to 5 percent of the net profit for mandatory reserves.

"Then, as much as 95 percent or equivalent to Rp95.71 billion will be used as retained earnings balance," said Arif.

For information during 2022, PPRE managed to pocket a profit of IDR 100.75 billion or grew by 30.98 percent. This revenue came from revenue of IDR 3.6 trillion and also grew 29.5 percent.

According to Arif, this growth was achieved due to optimization of revenue through the nickel mining service business line. This applies partnership strategies related to the procurement of heavy equipment and spare parts, optimizing heavy equipment occupancy, and implementing good cost leadership.

"Development of mining services is part of our strategy to obtain recurring income with contract revenue for a long period of time and increase the company's competitiveness and positioning as a actor in mining and construction services," he said.

Meanwhile, PT PP Presisi Tbk reshuffled the composition of the board of commissioners and board of directors in the AGMS. The majority shareholder, PT PP (Persero) Tbk has approved a reshuffle of the new board of commissioners and directors.

Nur Rochmad was appointed as the main commissioner to replace Yul Ari Pramuraharjo. Furthermore, Albert SM Simangunsong, Muhammad Zahid was elected as commissioner, and Indra Jaya Rajagukguk was chosen as the company's independent commissioner.

Meanwhile, the issuer coded PPRE shares appointed a new president director filled by I Gede Upeksa Negara replacing Rully Noviadar.

In addition, the Company also appointed Rebimun as director of operations, Mohammad Arif Iswahyudi as director of finance, risk management & legal, and Yudi Setiawan as director of business planning & HCM.

This is the latest composition of the Commissioners and Directors of PP Precision:

Board Of CommissionersPresident Commissioner/Independent Commissioner: Nur RochmadCommissioner: Albert SM SimangunsongCommissioner: M. ZahidIndependent Commissioner: Indra Jaya Rajagukguk

Board Of DirectorsPresident Director: I Gede Upeksa Negara Director of Operations: Rebimun Finance Director, Risk Management & Legal: Mohammad Arif Iswahyudi Director of Business Planning & HCM: Yudi Setiawan