Get Ready Investors Will Get Big Dividends From Sido Muncul For The 2023 Financial Year

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Industri Jamu Dan Farmasi Sido Muncul Tbk (SIDO) has confirmed that it will continue to distribute dividends for the 2023 financial year by maintaining the dividend payment ratio or dividend payout ratio above 85 percent.

President Director of PT Industri Jamu and Pharmacy Sido Muncul Tbk (SIDO), David Hidayat, confirmed that he would continue to make dividend payment ratios or dividend payout ratios for the 2023 financial year above 85 percent.

"We will propose at the upcoming GMS a total of 100 percent (dividend payout ratio for the 2023 financial year)," he explained to VOI, Friday, March 1, 2024.

David said the company's performance throughout 2023 improved, especially in the fourth quarter of 2023. Meanwhile, sales growth in addition to the increase in domestic sales was also supported by an increase in export sales by 37 percent compared to 2022.

"We are targeting export growth this year to reach 49 percent," he said.

Based on information disclosure on the Indonesia Stock Exchange (IDX), SIDO announced the implementation of the annual general meeting of shareholders (AGMS) which will be held on April 3, 2024.

"We hereby notify the company's shareholders that the company will hold an annual general meeting of shareholders on Wednesday, April 3, 2024 in Semarang," said Sido Muncul (SIDO) management in the AGMS announcement, quoted Wednesday, February 28.

SIDO management continued, the meeting summons will be announced through eASY.KSEI, the website of the Indonesia Stock Exchange (IDX) and the company's website (www.sidomuncul.co.id) on March 8, 2024.

Shareholders who are entitled to attend or be represented in meetings are shareholders whose names are recorded in the list of shareholders of the company and/or owner of the company's share balance in the securities sub-account in the collective deposit of PT Kustodian Sentral Efek Indonesia (KSEI) at the close of the company's share trading on the IDX on March 7, 2024 until 16.00 WIB.

Based on financial reports as of December 31, 2023, issuers coded SIDO recorded less impressive performance after posting a decrease in revenue and net profit throughout 2023.

Meanwhile, SIDO scored sales of IDR 3.56 trillion, down 7.75 percent from revenue in the same period last year of IDR 3.86 trillion.

In addition, profit for the period attributable to owners of the parent entity throughout 2023 was IDR 950.64 billion, down 13.95 percent from the same period last year of IDR 1.10 trillion.