Wednesday, 21 Augst 2019 | 12:14 WIB

Indopoly Swakarsa to Distribute Dividends worth IDR3 per Share

Indopoly Swakarsa to Distribute Dividends worth IDR3 per Share

JAKARTA, NETRALNEWS.COM - PT Indopoly Swakarsa Industry Tbk (IDX:IPOL) will allocate a portion of its 2018 net profit as dividend. The plan for dividend distribution has been approved at the Annual General Meeting of Shareholders (AGM).

"The dividend paid this time is IDR 3 per share," said IPOL Deputy President Director Jeffrey Halim, in a public presentation after the AGMS in Jakarta on Wednesday (05/15/2019).

According to him, besides being distributed for dividends, some of the profits are allocated to reserve funds and the remainder is recorded as retained earnings. Dividends will be paid to shareholders on June 14, 2019. As for, the date of the latest recording for shareholders entitled to dividends on May 27, 2019.

Meanwhile, said Jeffrey, some of the net income of 70.37% or US $ 3.41 million will be budgeted as retained earnings.
 "The rest, US $ 100 thousand or 2.06% of net income as a company reserve fund to support business in the future," he said.

The company will budget capital expenditure or capital expenditure (capex) of US $ 1.5 million this year.
The budget will be met from internal cash. "Our capex is only for maintenance, there is no new investment," he added.