PT Timah Pays Rp185.97bn in Dividends

Translator

Ririe Ranggasari

Editor

Petir Garda Bhwana

Rabu, 24 April 2019 11:12 WIB

TEMPO.CO, Jakarta - State-owned mining company PT Timah Tbk held an Annual General Meeting of Shareholders (GMS) at Hotel Pullman Jakarta, April 23. The meeting decided on a dividend payout to shareholders, with a total amount of Rp185.97 billion.

"The dividend paid to shareholders is 35 percent of profit or Rp185.97 billion," President director Riza Pahlevi Tabrani said in a press statement.

The company posted a net profit of Rp531.36 billion last year. Riza said that the figure reflects a 6-percent increase from the last year's achievement.

Riza added that the GMS also decided that there would be a change in nomenclature, among them is to divide the company's Business Development and Commerce Directorate into two separate directorates: the Directorate of Business Development and the Directorate of Commerce.

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