Mitratel Distributes IDR 1.4 Trillion Dividend

Photo: Doc. Antara

JAKARTA - PT Dayamitra Telekomunikasi Tbk or Mitratel at the Annual General Meeting of Shareholders (AGMS) approved the distribution of cash dividends worth IDR 1.4 trillion or equivalent to IDR 17 per share.

Meanwhile, the company's dividend payout ratio (DPR) is equivalent to 70 percent of the company's net profit for the 2023 financial year.

Mitratel President Director Theodorus Ardi Hartoko in a press conference after the AGMS in Jakarta, Saturday, June 1, explained that the company has also prepared a special dividend of IDR 100.5 billion or equivalent to 5 percent of net profit.

"So the total dividends distributed are 75 percent of the net profit," said Theo, quoted from Antara.

In the AGMS, shareholders also agreed to the allocation of retained earnings of IDR 462 billion or equivalent to 23 percent of net profit, as well as reserves of IDR 40 billion or 2 percent.

Theo explained that those who are entitled to receive the distribution of cash dividends and special dividends are shareholders whose names are recorded in the shareholder register as of June 12, 2024.

"Cash dividends and special dividends will be paid simultaneously to rights shareholders no later than July 3, 2024," said Theo.

He continued, management and shareholders consider plans for expansion and increasingly challenging business challenges in the future. Especially regarding the role of MTEL as the spearhead of the government in equitable access to telecommunications throughout Indonesia.

"We don't just maintain sustainable business growth and increase profitability, we also contribute to equitable telecommunication access. Therefore, we have to prepare enough capital expenditure to support this big agenda," said Theo.

Meanwhile, the organic and inorganic expansion remains the company's main focus in line with the telecommunications operator industry agenda which is consolidating before continuing its expansion.