Stockholders Increase, 99 Percent Of Mitratel's 2022 Net Profit For Dividends

Mitratel (Photo: Doc. Antara)

JAKARTA - A subsidiary of PT Telkom Indonesia (Persero) Tbk (TLKM), PT Dayamitra Telekomunikasi Tbk or Mitratel (MTEL) approved the distribution of dividends through the 2022 Annual General Meeting of Shareholders (AGMS).

The agreed distribution is, cash dividend is 70 percent of the profit for the 2022 financial year plus a special dividend of 29 percent. Thus, a total of 99 percent of the net profit for the 2022 financial year.

"Of the maximum 70 percent for the 2022 financial year, we add a bonus of 29 percent. So that the total is 99 percent," said Mitratel Investment Director Hendra Purnama quoting between, Friday, April 14.

His party continued the distribution of dividends no later than one month after the AGMS. Which is estimated before May 17, 2023.

The issuer with the stock code MTEL recorded revenue of Rp7.73 trillion in 2022, or an increase of 12.51 percent year on year (yoy), from the previous Rp6.87 trillion in 2021.

With these sales, the company pocketed a net profit of IDR 1.78 trillion, or a 29.25 percent yoy jump, from the previous IDR 1.38 trillion in 2021.

Meanwhile, Mitratel President Director Theodorus Ardi Hartoko conveyed the distribution of cash dividends as a form of Mitratel's commitment to provide the best value to shareholders.

In addition, in this AGMS, the company discussed nine agenda items, including the Company's Annual Report for the 2022 Financial Year, including the Supervisory Task Report of the Board of Commissioners, the Financial Report of the 2022 Financial Year, as well as the release of the responsibilities of the Board of Directors and Board of Commissioners.

Then, the company discussed the remuneration (paid/honorarium, facilities and allowances) for the 2023 financial year, as well as tantiem for the 2022 financial year for the Board of Directors and Board of Commissioners of the company.

Then, the appointment of the Public Accountant Office to examine the Financial Statements of the 2022 Financial Year includes an internal control audit of financial reporting.

Furthermore, the company also reported the use of funds from the initial public offering and discussed changes in the use of funds from the company's initial public offering.

His party said Mitratel allocated capital expenditure (capex) worth IDR 7 trillion to support the plan to develop organic and organic business in 2023 which is expected to improve the company's performance performance.

"The company's revenue is targeted to grow 11 percent yoy in 2023," said Teddy.

To continue the growth of positive performance this year, he said the company is formulating a tower ecosystem development strategy by continuing to maintain organic business growth, service expansion in the tower ecosystem, and capturing inorganic opportunities.

Teddy explained that the business plan confirms Mitratel as the largest digital infrastructure solution company (Digital InfraCo) that is independent because it has the most telecommunication towers, namely 35,418 units, and is equipped with digital support services in the tower ecosystem such as Tower Fiberization, Power-as-a-service, and infrastructure-as-a-service to support service improvement from cellular operators.