30 April 2019
PTPP Holds The Annual GMS
PT PP (Persero) Tbk ("PTPP") has completed the activities of the Annual General Meeting of Shareholders (Annual GMS) of 2018 Book Year on Tuesday (04/30) at the Pullman Jakarta Hotel. In this Annual GMS there are 10 (ten) Agencies discussed in the activity.
In the implementation of the Annual General Meeting of Shareholders, PTPP reported the company's performance for the 2018 financial year in which the Revenues reached IDR 25.11 trillion or grew by 16.82% compared to the previous year of IDR 21.50 trillion. The revenue from these revenues also had a positive effect on the profitability of the company so that PTPP's current year's profit for fiscal year 2018 reached Rp1.95 trillion or an increase of 13.64% compared to the previous year of Rp1.72 trillion.
Meanwhile, PTPP Shareholders in the Annual General Meeting of Shareholders also approved the distribution of dividends (dividend payout ratio) of 20% of net income attributable to owners of the parent entity or equivalent to Rp48,452 ("forty eight point four hundred fifty two rupiahs" ) per share for fiscal year 2018. PTPP will pay the Cash Dividend for fiscal year 2018 in the amount of IDR 300 billion, equivalent to IDR 48,452 per share to the Shareholders. The proposal has been approved and ratified in the Annual GMS so that it can be paid by the company in the end of May 2019. This dividend payout ratio provides a large financial flexibility space for PTPP to fund the company's working capital from infrastructure project development to the implementation of PTPP's investment at the same time in order to strengthen the company's capital structure.