ESSA Announces its Highest Ever Dividend

INDUSTRY.co.id - Jakarta, March 15, 2023 – PT Surya Esa Perkasa Tbk. (“ESSA”), a publicly listed company engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant, today approved its highest ever dividend of IDR 45 per share (ESSA nominal share price is IDR 10 per share) amounting to IDR 775.2 billion.

This decision was made at the Annual General Meeting of Shareholders held today.

The dividend has been announced following record earnings in 2022, riding on excellent operations and favorable market conditions. ESSA had reported Revenue of USD 731 million (up by 141% YoY) & EBITDA of USD 354 million (up by 161% YoY) in the consolidated financial statements for year 2022.

Vinod Laroya, President Director of ESSA, said, “We are pleased to share the company’s good fortune in 2022 with our shareholders, and as such announce this special dividend. Our efficient operational track record supported by an unusually strong commodity price environment resulted in solid performance in 2022. Going forward, we remain optimistic about new growth opportunities in gas- downstream industries to further provide increased value for shareholders.”