Nusantara Infrastructure Share Interim Dividend on May 15, 2018

By : Abraham Sihombing And Aldo Bella Putra | Wednesday, April 25 2018 - 14:30 IWST

PT Nusantara Infrastructure Tbk (META) (Foto Abe)

INDUSTRY.co.id - Jakarta - After delayed some time ago, PT Nusantara Infrastructure Tbk (META) will eventually distribute interim dividends for the fiscal year 2018 for the period of January to March amounting to Rp2.5 per share to all shareholders of the company on May 15, 2018.

"The funds to pay the interim dividends to shareholders are from the net profit earned by the company during the period of January-March 2018. The interim dividend distribution is based on the decision of the Board of Directors of META on the Decree of the Board of Directors dated 19 April 2018 and has obtained approval from the Board of Commissioners of META in the Letter Decision of the Board of Commissioners dated April 19, 2018, "said Deden Rochmawaty, General Manager of Corporate Affairs META, in Jakarta, Monday (23/04/2018).

Deden said the dividend value of Rp2.5 per share is equal to the dividend yield of 1.26% to the Company's stock price at the time of closing Thursday (19/04/2018), with recording date on May 2, 2018.

"Cum and ex dividend in the Regular Market and Negotiated Market are respectively scheduled on 26 and 27 April 2018. The income and ex dividends in Cash Market will be implemented on May 2nd and 3rd, 2018," said Deden.

In addition to the interim dividend, Deden, META's management will also divide the Final Dividend after obtaining approval from the shareholders at the Annual General Meeting of Shareholders (AGM). This dividend distribution reflects the Company's good performance, as well as the Company's commitment to increase shareholder value.

"Indeed, the company's current financial and cash position is very supportive for this dividend. Therefore, after this dividend distribution, the Company can continue to maintain its financial and operational flexibility to continue its business growth in the future," Deden concluded.

As of March 2018, META's operating profit increased from Rp97.6 billion to Rp98 billion. The increase was driven by an increase in revenues and sales of 11.47% from Rp177.9 billion in the first quarter of 2017 to Rp198.3 billion in the first quarter of 2018.

In the future, the company's management has prepared various strategic measures to strengthen cash flow and capital that can be used to finance the development and investment in various sectors owned Perserso. This dividend distribution is a form of optimism that the company continues to grow in the future. (Abraham Sihombing)