Telkom Distributes Dividends Of IDR 17.68 Trillion

Photo: Doc. Antara

JAKARTA - PT Telkom Indonesia Tbk (TLKM) or Telkom at the Annual General Meeting of Shareholders (AGMS) approved the distribution of cash dividends worth IDR 17.68 trillion or equivalent to IDR 178.50 per share for the 2023 financial year.

Telkom's cash dividend or Dividend Payout Ratio (DPR) is equivalent to 72 percent of the company's net profit for the 2023 financial year or grew 6.5 percent year on year (yoy) compared to the previous year.

"The remaining 28 percent (of the net) or Rp6.88 trillion is allocated as retained earnings, which will be used to finance the company's business development in the business domain of digital connectivity, digital platforms and digital services," said Telkom President Director Ririek Adriansyah in a press conference after the AGMS in Jakarta, quoted from Antara, Friday, May 3.

Ririek explained that dividends worth IDR 178.50 per share will be given to shareholders listed on the Company's Register of Shareholders at the close of stock trading on the Indonesia Stock Exchange (IDX) on May 17, 2024.

"Cash dividends will be paid at once no later than June 6, 2024," said Ririek.

He explained that 2023 is a critical key milestone for the company in its transformation.

So that efforts to ensure the transformation agenda can be carried out properly and on time are very important in strengthening the Company's business fundamentals and encouraging healthy and sustainable business growth.

"Thank God, Telkom recorded a fairly good performance which cannot be separated from the support of the employees and all stakeholders involved. On behalf of the management, we would like to thank the stakeholders for their support and trust in Telkom to continue to make the best contribution and be able to grow sustainably," said Ririek.

He continued that the company continues to continue its transformation steps through the Five Bold Moves (5BM) initiative consisting of Fixed Mobile Convergence (FMC), InfraCo, Data Center Co, B2B Digital IT Service Co and DigiCo.

During 2023, Ririek explained that the company focused on executing the 5BM program based on the three pillars of Telkom's business domain.

For the digital connectivity pillar, Telkom is realized through the FMC program and the formation of the InfraCo, for the digital business platform pillar through the consolidation of the Data Center and B2B Digital IT Service, and for the pillars of the digital service business through the DigiCo initiative.

"The success of the transformation agenda will continue to be pursued and is expected to further strengthen business fundamentals while creating growth stories that become the basis for Telkom's track record later," said Ririek.

Telkom posted consolidated revenue in 2023 worth IDR 149.2 trillion or grew 1.3 percent (yoy) compared to the same period last year.

Profit before Interest, Tax, Depreciation, and Amortization or EBITDA was recorded at IDR 77.6 trillion with an EBITDA margin at 52.0 percent.

Meanwhile, the company's net profit grew double digits by 18.3 percent (yoy) to IDR 24.6 trillion by the end of 2023, contributed by data's business growth, Internet & IT Service which grew 6.5 percent (yoy) to IDR 87.4 trillion.

"Telkom's consistency in carrying out this transformational commitment has had a fairly good impact on financial and operational performance that is still maintained," said Ririek.