ESSA Announces its Highest Ever Dividend

By : Nata Kesuma | Friday, March 17 2023 - 08:40 IWST

PT Surya Esa Perkasa Tbk. (“ESSA”)
PT Surya Esa Perkasa Tbk. (“ESSA”)

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.”

News Comment

Today's Industry

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

President Jokowi and Secretary-General of the United Nations António Guterres, Jakarta, Thursday (09/07). (Photo by: BPMI).

Senin, 11 September 2023 - 07:45 WIB

ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace

On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

President Jokowi shakes hands with PM of Japan Fumio Kishida at JCC in Jakarta, Thursday (09/07). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 06:40 WIB

Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic

Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.

PT Sariguna Primatirta Tbk (Tanobel Group)

Selasa, 05 September 2023 - 09:45 WIB

Aggressive Tactics Boost Brand Awareness, CLEO Achieves Record- Breaking Sales in First Half 2023

The increasing public activity post pandemic has opened up opportunities for business growth in the consumer goods product for bottled drinking water (AMDK), which is better known as "CLEO",…