PT Resource Alam Indonesia Tbk (KKGI) will soon distribute an additional interim cash dividend to shareholders, totaling Rp 75 billion. With the closing price on Wednesday, December 18, 2024, at Rp 525 per share, KKGI investors will receive an interim cash dividend of Rp 15 per share, resulting in a dividend yield of 2.86%.
This dividend distribution decision has been approved by the Board of Commissioners.
By the end of 2024, KKGI shareholders will have received two interim dividends. The first was a treasury stock interim dividend from the buyback program (period 5), totaling 25,701,600 shares.
“The dividend ratio applied is 10,000:53, meaning shareholders holding 10,000 shares will receive 53 shares as a treasury stock interim dividend. The total treasury stock interim dividend distributed amounts to 25,701,600 shares, with a total value of Rp 15.25 billion. The market price used as the basis for dividend capitalization is Rp 594 per share,” stated the summary of KKGI’s Extraordinary General Meeting of Shareholders (EGMS) as read by Agoes Ong, Finance Director of PT Resource Alam Indonesia Tbk, on Wednesday, December 18, 2024.
This was followed by the interim cash dividend of Rp 15 per share.
Interim Stock Dividend Distribution Schedule:
- Cum Date (Regular & Negotiated Market): December 30, 2024
- Ex Date (Regular & Negotiated Market): January 2, 2025
- Shareholder Recording Date: January 3, 2025
- Cum Date (Cash Market): January 3, 2025
- Ex Date (Cash Market): January 6, 2025
- Interim Stock Dividend Distribution Date: January 17, 2025
Strong Financial Performance in 2024
Over the first nine months of 2024, the company recorded an 8.77% revenue increase to US$ 257.16 million, nearly Rp 4 trillion at an exchange rate of US$ 1 = Rp 15,138. Production rose 15.69% year-on-year to 4.7 million MT, while sales surged 19.81% year-on-year, reaching 4.9 million MT.
KKGI’s total assets for the nine-month period in 2024 soared 11.49% year-on-year to US$ 223.57 million. Meanwhile, KKGI’s equity also recorded a 21.22% increase, reaching US$ 168.91 million compared to the same period last year. The company’s net profit for the first nine months of 2024 experienced a significant rise of 39.63% year-on-year, reaching US$ 37.84 million, equivalent to Rp 582,999,275,520 at an exchange rate of Rp 15,138 per US dollar.
