Harita Nickel AGMS Approves Dividend Distribution Of Up To IDR 1.6 Trillion

Share illustration (Photo: dock. Antara)

JAKARTA - PT Trimegah Bangun Persada Tbk (NCKL) or Harita Nickel at the Annual General Meeting of Shareholders (AGMS) set the distribution of cash dividends of 30 percent or around Rp. 1.6 trillion for the 2023 financial year.

"The company has set the distribution of cash dividends of 30 percent or around Rp. 1.6 trillion," said Harita President Director Nickel Roy Arman Arfandy quoting Antara.

Roy emphasized the importance of strategic expansion in facing global challenges, as well as being committed to continuing to make wise investments and developing production facilities that can increase the volume and added value of the products produced.

"We will continue to maintain a healthy and strong financial position to anticipate future working capital needs," said Roy.

He explained that the production of this mining and nickel processing company came from two mines that had been operating, namely PT TBP and PT GPS, of which three other mines were PT. JMP, PT OAM and PT GTS are still in the exploration stage at this time.

"The HPAL (ONC) facility construction project also shows significant developments," said Roy.

He continued, the first production line from this second HPAL facility (ONC) has reached full production capacity by the end of May 2024, where the second production line will start operating in June 2024, while the third route is scheduled to start operating in August 2024.

Then, the company together with its strategic partners have also established two new companies, namely PT Bhakti Bumi Sentosa (BBS) and PT Cipta Kemukuran Mitra (CKM).

PT BBS aims to reduce waste from HPAL production by recycling and at the same time producing added value products from waste, while PT CKM aims to produce limestone into quicklime to reduce production costs from HPAL facilities.

Throughout 2023, the company posted revenues of IDR 23.86 trillion, or an increase of 149.4 percent year on year (yoy) compared to the previous year.

In addition, the company also recorded a profit for the 2023 financial year attributable to owners of the company's parent company of IDR 5.62 trillion, an increase of 20.4 percent (yoy) compared to the previous year.