JAKARTA - The General Meeting of Shareholders (GMS) of PT RMK Energy Tbk (RMKE IJ) decided to distribute the initial dividend since its initial share listing in 2021.

The RMKE GMS approved the distribution of dividends of IDR 30.6 billion or equivalent to 8 percent of net profit in 2022.

"Although RMKE is focusing on expansion to build hauling roads and other supporting facilities, the Company is committed to distributing dividends with sustainable operational and financial performance growth in the future," said the President Director of the Company, Tony Saputra, Tuesday, June 20.

Tony added that currently the company is still focusing on expanding by building a hauling road to provide seamless coal logistics services in South Sumatra. However, the Company is committed to distributing dividends with sustainable operational and financial performance growth in the future.

"By 2022, the Company has achieved its target very well when the world economy and Indonesia have not fully recovered," Tony added.

This year, he said, the company's management is optimistic to improve financial performance amid the normalization of coal prices with growing coal volume growth to support post-pandemic economic recovery.

Until the May 2023 period, the volume of train unloading and barge cargo has been reached by 41.8 percent and 33.9 percent of the target this year, respectively.

From the coal sales segment, coal sales volume has been achieved by 35.9 percent of this year's target.

Finance Director Vincent Saputra added, to ensure the expansion goes well, the company is still allocating most of its net operating profit for reserve funds and retained profits.

Based on the results of the Company's AGMS, of the total net profit in 2022, Rp. 82.5 billion was allocated for reserve funds and Rp. 275.8 billion was allocated for retained earnings.

The allocation of funds can still fund the Company's 2023 capital expenditure, which is targeted at IDR 350 billion.

"Apart from internal funding, the Company is still open to external funding opportunities in the future," concluded Vincent.


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