Moratelindo AGMS Results: Set IDR 678.17 Billion As Detained Profit

Photo: Doc. Antara

JAKARTA - PT Mora Telematika Indonesia Tbk (MORA) or Moratelindo at the Annual General Meeting of Shareholders (AGMS) decided to use a net profit of IDR 678.17 billion as retained earnings.

Then, the rest, a net profit of IDR 1 billion was allocated as the company's reserve fund.

"Laba is being held, its use is for the expansion of the development of the telecommunications network," said President Director Jimmy Kadir at the Press Conference after the AGMS, in Jakarta, quoted from Antara, Thursday, June 13.

Thus, in this AGMS, the company decided not to distribute cash dividends to shareholders.

Jimmy explained, the number of company home passes of 548,674 in 2022 increased to 692,090 in 2023, with the addition of 139,301 subscribers in the retail segment in 2022 to 166,120 customers in 2023.

In addition, the entertainment segment has experienced an increase in corporate subscribers, both from the private sector and the government, from 8,621 customers in 2022 to 10,237 customers in 2023.

"The increase occurred thanks to the expansion of the access and fiber to the building (FTTB) network in 2022 in the number of 227 buildings to 244 buildings in 2023, as well as an increase in bandwidth capacity in 2022 by 25,900 G to 29,700 G in 2023," said Jimmy.

He continued, the company remains focused on developing the FTTH and FTTX (Oxygen.id) retail business segments, especially in areas with high demand.

EBITDA perseroan meningkat dari sebelumnya 2.19 triliun pada tahun 2022, menjadi senilai 2.23 triliun pada tahun 2023, dengan EBITDA margin 47 persen pada tahun 2022 menjadi 52 persen pada tahun 2023.

Then, the company's net profit increased from the previous Rp673 billion in 2022 to Rp679 billion in 2023, with net profit margin of 14 percent in 2022 to 16 percent in 2023.

The company maintains a strong financial status, with an increase in equity, from IDR 6.24 trillion in 2022 to IDR 6.92 trillion in 2023, or an increase of 11 percent year on year (yoy) and also the Debt to Equity Ratio (DER) which improved from 139.14 percent in 2022 to 115.18 percent in 2023.

In terms of the capital market, the company recorded a Sustainable Public Offering of Sukuk Ijarah Berkelanjutan II Moratelindo Phase I Year 2023 Series A and Series B amounting to Rp488.55 billion, and the Sustainable Public Offering of Sukuk Ijarah Berkelanjutan II Moratelindo Phase II Year 2024 Series A and Series B worth Rp279.3 billion.

For the Sustainable Public Offering, the Company obtained the results of the idA+sy (Single A Plus Syariah) ranking from PT Pemeringkat Efek Indonesia (Pefindo).