Hillcon AGMS Approves Dividend Distribution Of IDR 103.19 Billion

Shares (Photo: Antara)

JAKARTA - PT Hillcon Tbk (HILL) at the Annual General Meeting of Shareholders (AGMS) agreed to distribute cash dividends worth IDR 35 per share or equivalent to IDR 103.19 billion.

Meanwhile, the dividend payout ratio (DPR) for mining services and contractors is equivalent to 29.3 percent of the net profit for the 2023 financial year.

President Director Hillcon Hersan Qiu explained that the remaining net profit in 2023 of the company of 70.61 percent or Rp247.88 billion was allocated as retained earnings.

He explained that HILL kept promises related to dividend distribution as in the Initial Public Offering (IPO) prospectus, which the company's IPO pospectus said would distribute cash dividends to shareholders in a maximum of 30 percent of the net profit for the financial year concerned, starting from the 2022 financial year.

"Dividen diberikan setelah melakukan pencadangan laba bersih sesuai ketentuan yang berlaku dan dengan memperhatikan keputusan para pemegang saham dalam AGMS," ujar Hersan.

In addition to focusing on achieving achievements in the financial and operational aspects, Hersan said that this year the company also places environmental, social and governance aspects as a major concern.

He believes that sustainable growth can only be realized if the company is able to grow together with the environment and the surrounding community.

"On this basis, HILL is always committed to carrying out operational activities based on concern for the environment and making positive contributions to the wider community," said Hersan.

PT Hillcon Tbk recorded operating income which increased 23.89 percent year on year (yoy) to IDR 4.05 trillion in 2023.

The company's net profit in 2023 increased 15.28 percent (yoy) to IDR 438.96 billion compared to IDR 380.78 billion in 2022.

Then, the company's total equity increased by 87.36 percent (yoy) from Rp979.92 billion to Rp1.84 trillion, in line with the company's successful IPO last year.

"Operational performance has also grown significantly with the addition of volume from new contracts and extension contracts," said Hersan.

Meanwhile, the company's asset value position in 2023 is IDR 4.98 trillion, or an increase of 43.93 percent (yoy) compared to the end of 2022 which amounted to IDR 3.46 trillion.