The heavy equipment issuer PT United Tractors Tbk (UNTR) has confirmed that it will continue to distribute interim dividends and final dividends for the 2024 financial year, with a payout ratio of 40 percent of this year's net profit.
For your information, UNTR continues to distribute dividends even though the company's net profit fell in the first half of 2024.
The company recorded a net profit of IDR 9.5 trillion, down 15 percent on an annual basis or year on year (yoy).
UNTR Director Vilihati Surya said the company was committed to distributing dividends for the 2024 financial year proportionally to shareholders.
However, Vilihati emphasized that calculations regarding the ratio will still be adjusted to capital expenditure needs, as well as future investments.
"This year's dividend is around 40 percent, according to the dividends we have distributed in previous years," he explained.
As previously reported, UNTR recorded revenue of IDR 64.5 trillion throughout the first half of 2024.
This number decreased by 6 percent when compared to the same period the previous year, which was IDR 68.67 trillion.
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UNTR Corporate Secretary Sara K Loebis said that the decline in revenue was caused by sluggish performance from the coal construction and mining machine segment.
"Until the first half of 2024, the company's consolidated net income reached IDR 64.5 trillion," he said in a virtual Public Expose Live press conference, Friday, August 30.
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