Diligently Deposit Dividends To The State, SIG Wins Award At The 2023 Prominent Awards

GM of Corporate Communication SIG, Arif Gunawan Sulistiyono brought the 2023 Prominent Awards. (Photo: Doc. SIG)

JAKARTA - The consistency of positive performance from the success of achieving operational excellence which has resulted in a routine contribution to state revenue through dividends, taking GIS to win an award for the category The Most Prominent State-Owned Company in Operational Excellence & Financial Contribution to The Nation at the 2023 Prominent Awards organized by Solutee in collaboration with Metro TV.

The award was handed over by the Director of Sales and Marketing Metro TV, Meniek Andini to GM of Corporate Communications SIG, Arif Gunawan Sulistiyono at Grand Studio Metro TV, Jakarta, on Friday 22 September.

The 2023 Prominent Awards are an award event for companies and foundations that are not only prominent or prominent, but are also able to grow and have a big impact on the nation and state. In this award event, only 18 award recipients have been closely selected based on significant achievements.

GIS Corporate Secretary, Vita Mahreyni said, operational excellence is a catalyst for SIG's success in maintaining positive performance amid various challenges faced by the building materials industry. Through the modification of the operating model and improvement of the production process, GIS seeks to increase operational excellence in order to achieve operational optimization and cost efficiency.

"In addition, SIG also carries out a number of strategic initiatives to always be at the forefront of the country's building materials industry, with a focus on market management, identifying various opportunities to improve performance, as well as conducting research and development to create innovations for new products and services to penetrate market niches that have not been optimally exploited or have never been entered," said Vita Mahreyni, in her statement, Wednesday, September 27.

Furthermore, Vita Mahreyni said, GIS managed to record a net profit of IDR 2.365 trillion in 2022, or an increase of 15.5 percent from the previous period of IDR 2.047 trillion.

Based on the Annual General Meeting of Shareholders (AGMS) of GIS in 2023, as much as 70% of the 2022 net profit, or IDR 1.65 trillion, was designated as cash dividends. Of this amount, the government received a dividend of IDR 847 billion for share ownership in GIS, or an increase of 62% from the previous period of IDR 522 billion.

"The 2023 Prominent Awards are a place for appreciation as well as recognition for the ability of GIS to record positive performance through a number of strategic initiatives, especially operational excellence which is the Company's competitive advantage. As a form of corporate responsibility, SIG will continue to improve operational excellence to maintain positive performance and continue to provide added value to all stakeholders," said Vita Mahreyni.