Good News From Japfa Comfeed, This Handojo Santosa Farming Company Wants To Disburse IDR 707 Billion Dividend

JAKARTA - The livestock company owned by the Handojo Santosa conglomerate, PT Japfa Comfeed Tbk (JPFA) will distribute a cash dividend of Rp60 per share after obtaining approval from the Annual General Meeting of Shareholders (AGM).

Based on the results of the AGMS which took place on Wednesday, April 6, the Head of Japfa's Financial Supervision Division, Erwin Djohan, stated that nearly 35 percent of the company's net profit or around IDR 707.9 billion was designated as cash dividends.

With a total of 11.72 billion shares, the amount of funds for dividend payments is estimated to reach IDR 707 billion. As is known, JPFA managed to record a net profit of IDR 2.02 trillion throughout 2021, an increase of 120.63 percent compared to the 2020 achievement of IDR 916.71 billion.

Earnings per share attributable to owners of the parent company increased from IDR 79 in 2020 to IDR 174 in 2021. The company also posted net sales of IDR 44.87 trillion, 21.40 percent higher than the previous year's achievement of IDR 36.96 trillion.

The animal feed business segment managed to record an operating income of IDR 28.4 trillion, an increase of 34.1 percent from the previous year of IDR 21.1 trillion.

The poultry nursery segment with 75 breeding farms and 30 hatcheries posted an increase in operating income of 29.8 percent to IDR 6.9 trillion, from IDR 5.3 trillion in 2020. Japfa Comfeed's livestock feed and poultry breeding business segment managed to record operating profit of IDR 1.9 trillion and IDR 1.7 trillion, respectively.