SUNI AGMS Decides To Distribute IDR 11 Billion Dividend

Indonesian capital market (Photo: dock. Antara)

JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Sunindo Pratama Tbk (SUNI) approved the use of net profit for cash dividends to shareholders, amounting to Rp11 billion or 10.91 percent of the Company's net profit for the 2023 Fiscal Year. Then Rp89.9 billion will be recorded as retained earnings by the Company.

The SUNI dividend payment schedule, namely Cum Dividend in the Regular Market and Negotiated Market, will be carried out on June 24, 2024, then Ex Dividend in the Regular Market and Negotiated Market on June 25, 2024. Meanwhile, Cum Dividend in the Cash Market will be held on June 26, 2024 and Recording Date List of Shareholders entitled to dividends on June 26, 2024. Then Ex Dividend in Cash Market on June 27, 2024 and dividend payments on July 12, 2024.

For information, the achievement of net profit until the end of 2023 is IDR 100.9 billion. The net profit achievement reached 112.3 percent of the Company's 2023 target.

Finance Director of PT Sunindo Pratama Tbk, Freddy Soejandy, said that the net profit growth was supported by an increase in operating income.

"The company managed to record operating revenues until the end of 2023 of Rp762.4 billion, or grew by 41.1 percent yoy," he said, Wednesday, June 12.

Until the end of 2023, the Company managed to record operating income from the sales segment of IDR 759.1 billion, an increase of 46.7 percent yoy.

Operating revenues increased significantly in line with the growth in sales volume of OCTG tubing and casings which grew by 10.5 percent yoy and 304.7 percent yoy, respectively.