PGN AGMS Agrees To Distribute Dividends 80 Percent Of 2024 Net Profit Equivalent To 271.5 Million US Dollars

Annual General Meeting of Shareholders (AGMS) for Fiscal Year 2023 PT Perusahaan Gas Negara Tbk (PGN). (Photo: ANTARA)

JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Perusahaan Gas Negara Tbk (PGAS) approved to distribute dividends of US$271.5 million or 80 percent of net profit as dividends.

The dividend is paid in cash in Rupiah currency using the Bank Indonesia middle exchange rate according to the date of implementation of the AGMS for the 2024 Fiscal Year no later than 30 calendar days after the announcement of the RupST Risalah Summary.

PGN's Corporate Secretary, Fajriyah Usman, said the amount of the dividend was considering PGN's business sustainability as part of the company's accountability to all shareholders.

"Then amounting to 67.8 million US dollars as retained earnings balance, including to support sustainable operational activities and business development," he said, Wednesday, May 28.

Furthermore, the AGMS decided to change the membership composition of the board of commissioners of PT PGN Tbk, so that the membership composition of the board of commissioners and directors of PT PGN Tbk is as follows:

Composition Of Commissioners

President Commissioner concurrently Independent Commissioner : Amien SunaryadiCommissioner : Warih SadonoIndependent Commissioner : Christian H. SiboroIndependent Commissioner : Dini Shanti PurwonoIndependent Commissioner : Tony Setyo Boedi HoesodoIndependent Commissioner : Abdullah Aufa Fuad

Board of Directors

President Director : Arief Setiawan Handoko Finance Director : Fadjar Harianto Widodo Commercial Director : Ratih Esti Prihatini Director of Infrastructure and Technology : Harry Budi Sidharta Director of Strategy and Business Development : Rosa Permata Sari Director of Risk Management : Arief Kurnia Risdianto Director of Human Resources and Business Supporting : Rachmat Hutama

Fajriyah emphasized that PGN conducts company management by optimizing infrastructure utilization throughout 2024, supported by cost optimization and liability management.

"This strategy has succeeded in increasing operational efficiency, supporting positive financial growth and business sustainability amid the dynamic challenges of the energy industry," he continued.

In the future, PGN will implement a structured, innovative and sustainable business strategy to seize growth opportunities and face challenges in the energy sector.

PGN is also ready to become a strategic partner of the government to optimize the use of natural gas to various levels of society, in order to realize national energy security.

"This includes carrying out assignments from the government, namely the development of non-APBN jargas for households and small customers as well as the construction of the Tegal Cilacap Pipe to meet natural gas needs to the Cilacap Refinery Unit (RU)," concluded Fajriyah.