Trans Power Marine Distributes Dividend Of IDR 157.99 Billion

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Trans Power Marine Tbk (TPMA) will distribute dividends worth US$10.69 million or equivalent to Rp157.99 billion.

In the Annual General Meeting of Shareholders (AGMS) which was held on Wednesday 17 May. Director of TPMA, Rudy Sutiono said, shareholders agreed to several agendas including the use of the company's profits in the 2022 financial year.

Part or about 76 percent of the net profit earned by the company in 2022, will be allocated for cash dividends, amounting to 10.69 million US dollars.

"This amount of dividend is equivalent to Rp. 157,998,000,000, or Rp. 60 per share," said Rudy.

In addition to being allocated for dividends, the company set aside a portion of net profit or 50,000 US dollars or equivalent to IDR 738,650,000 as reserves as required in Article 70 of the UUPT and in accordance with Article 30 paragraph 1 of the company's articles of association.

"Meanwhile, the remaining company's net profit of US$ 3,243,019 is designated as retained earnings that will be used for the company's working capital needs," he explained.

For information, throughout 2022 Trans Power Marine managed to record a positive performance with revenues increasing 49.47 percent to 62.81 million US dollars from the same period in 2021, namely 42.02 million US dollars.

This revenue growth was supported by the delayed and barge segments amounting to 43.81 million US dollars, growing 45.88 percent, then the floating crane segment contributed 18.99 million US dollars, an increase of 48.43 percent.

With this achievement, the profit from TPMA in 2022 shot up to 261.07 percent to 14.29 million US dollars from 2021 only pocketing a profit of 3.95 million US dollars.