PT Timah Will Distribute 35 Percent Dividend Of Net Profit In 2021

Illustration (Photo: Doc. Antara)

JAKARTA - PT Timah Tbk will distribute dividends for the 2021 financial year of 35 percent of its 2021 net profit which reaches Rp 1.3 trillion, or around Rp 455 billion.

The decision was approved by the shareholders at the Annual General Meeting of Shareholders (AGMS) of PT Timah Tbk which was held on Tuesday 24 March.

"The Consolidated Financial Statements that have been audited for the 2021 financial year, TINS managed to record a 483% increase in 2021 net profit to IDR 1.3 trillion compared to 2020 which lost IDR 341 billion," wrote the Corporate Secretary of PT Timah Tbk, Abdullah Umar Baswedan in an official statement, Wednesday May 25.

He detailed that the surge in net profit was supported by a decrease in cost of revenue.

It was noted that throughout 2021, Timah's cost of revenue fell 21 percent to Rp. 11.17 trillion compared to 2020 of Rp. 14.09 trillion.

At this GMS, PT Timah also made changes to the composition of the company's management.

Through the GMS, it was approved the appointment of Fina Eliani as Director of Finance and Risk Management to replace Krisna Sjarif.

In addition, PT Timah appointed Alwin Albar as Director of Business Development replacing Purwoko.

Meanwhile, Purwoko became Director of Operations and Production, replacing Alwin's previous position.

PT Timah also appointed Sufyan Syarif as an Independent Commissioner to replace Satriya Hari Prasetya.

After the GMS, the composition of the company's management is as follows:

Commissioner

- President Commissioner/Independent: M. Alfan Baharudin

- Independent Commissioner: Agus Rajani Panjaitan

- Commissioner: Danny Praditya

- Commissioner: Sufyan Syarif

- Commissioner: Rustam Effendi

- Commissioner: Yudo Dwinanda Priaadi

Directors

- President Director: Achmad Ardianto

- Director of Finance and Risk Management: Fina Eliani

- Director of Business Development: Alwin Albar

- Director of Operations and Production: Purwoko

- Director of Human Resources: Yennita