JAKARTA Holding a retail company, fast food restaurant, food and fiber optic developer, namely PT Indoritel Makmur Internasional Tbk (DNET) has held an Annual General Meeting of Shareholders (AGMS) and will distribute dividends of IDR 70.9 billion or equivalent to 6.62 percent of the net profit for the 2024 financial year.
President Director of Indoritel Haliman Kustedjo said shareholders approved the use of a net profit of 6.62 percent or equivalent to IDR 5 per share as dividend.
Meanwhile, 0.09 percent or Rp1 billion were placed as reserve funds and 93.29 percent or around Rp1 trillion more as retained earnings.
As for the end of 2024, DNET recorded a net profit for the year of IDR 1.09 trillion, or an increase of 38.73 percent from IDR 786.84 billion in 2023.
Meanwhile, profit for the year attributable to owners of the parent entity was recorded at IDR 1.07 trillion in 2024, or an increase of 48.68 percent from IDR 721.04 billion in 2023.
"Positive growth in the bottom line last year cannot be separated from the positive performance of the company's top line. The company recorded a positive contribution from customer revenues and the profit share of the joint association and venture entities," he said in a public expose, Wednesday, June 25.
Until the end of 2024, DNET posted revenue from contracts with customers of IDR 1.43 trillion, an increase of 2.71 percent from 2023 of IDR 1.39 trillion.
Meanwhile, profit income from associates and joint ventures was recorded at IDR 914.15 billion in 2024, an increase of 90.66 percent from IDR 479.47 billion compared to 2023.
Haliman said the synergy between the subsidiary and the association entity contributed positively to the company's performance.
"In addition to earning revenue from the subsidiary's business activities, Fiberstar. We also get profit from our investment returns in Indomaret, KFC, Taco Bell and Sari Roti," he explained.
Haliman said Indomaret, which is managed by PT Indomarco Prismatama, currently owns more than 23,107 outlets spread across Indonesia and Indoritel is recorded as owning 40 percent of Indomarco's shares.
Meanwhile, KFC and Taco Bell, which are managed by PT Fast Food Indonesia Tbk (FAST), until the end of 2024 KFC has 707 outlets throughout Indonesia, while Taco Bell is recorded at 8 outlets and Indoritel is listed as the owner of 35.84 percent of PT Fast Food Indonesia Tbk's shares in 2024.
Meanwhile, Sari Roti, managed by PT Nippon Indosari Corpindo Tbk (ROTI), now has 15 factories with a total bread production capacity of 5.1 million pieces/day and Indoritel currently owns 25.77 percent of ROTI's shares.
Indoritel Corporate Secretary Kiki Yanto Gunawan added that FiberStar, which is managed by its subsidiaries throughout 2024, has more than 2.33 million connections/connections of customers, with a total fiber optic span of 50,607km.
He explained that the total revenue from contracts from customers was recorded at IDR 1.43 trillion in 2024, an increase of 2.71 percent from the previous year, IDR 1.39 trillion.
In addition, Kiki explained that FiberStar is also listed as one of the Authorized Starlink Partners in Indonesia.
Director of Indoritel Harjono Wreksoremboko added that DNET also recorded positive growth in the first quarter of 2025 with contract revenues from customers sourced from subsidiaries growing 9.91 percent to IDR 379.41 billion compared to last year, IDR 345.21 billion.
Meanwhile, revenue, which is part of the profit from associates and joint ventures, grew 1,955.86 percent to Rp182.19 billion from last year's Rp8.86 billion.
"The solid revenue growth made operating profit grow 116.81 percent to Rp245.53 billion compared to the same period in 2024 of Rp113.25 billion," he said.
He said that profit before tax grew 92.03 percent to Rp208.73 billion and the company's current/bottom line profit grew significantly by 138.29 percent to Rp202.12 billion compared to the previous year's position of Rp84.82 billion.
According to him, the solid performance of the profit loss made the company's financial position more solid, on a year to Date (YTD) the position of cash and cash equivalents recorded a growth of 17.85 percent to Rp1.26 trillion compared to the position at the end of December 2024 of Rp1.07 trillion.
Meanwhile, he added total assets grew 2.54 percent to IDR 21.90 trillion, compared to the beginning of the year IDR 21.36 trillion.
"We are optimistic that our business model, supported by its subsidiaries, PT Mega Access Persada (FiberStar) and 3 associates, namely PT Indomarco Prismatama (Indomaret), PT Fast Food Indonesia Tbk (FAST), and PT Nippon Indosari Corpindo Tbk (ROTI), will make a positive contribution to the company's performance." he explained.
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