PT Resource Alam Indonesia Tbk (KKGI) has once again received approval to proportionally distribute the 2024 interim treasury share dividend to all shareholders, totaling 25,701,600 shares from the buyback of Period V.
This decision was made during the Extraordinary General Meeting of Shareholders (EGMS) held on December 18 in Jakarta.
“Considering the number of treasury shares obtained from the Period V buyback to be distributed, the ratio used is 10,000:53, meaning shareholders holding 10,000 shares will receive 53 interim treasury share dividends. The total distributed interim treasury share dividend amounts to 25,701,600 shares, with a total value of Rp 15.25 billion, while the market price used as the basis for share dividend capitalization is Rp 594 per share,” stated Agoes Ong, Finance Director of PT Resource Alam Indonesia Tbk, summarizing the EGMS results on Wednesday, December 18, 2024.
The EGMS also agreed that if shareholders receive interim share dividends in fractional amounts or less than one full share unit, rounding up will be applied, whether the fraction is greater than or equal to half a share (> 0.5 or ≤ 0.5).
Interim Share Dividend Distribution Schedule:
- Cum Date in Regular and Negotiated Market: December 30, 2024
- Ex Date in Regular and Negotiated Market: January 2, 2025
- Recording Date (Shareholders List): January 3, 2025
- Cum Date in Cash Market: January 3, 2025
- Ex Dividend Date in Cash Market: January 6, 2025
- Interim Share Dividend Distribution Date: January 17, 2025
For the first nine months of 2024, the company recorded an 8.77% revenue increase to US$ 257.16 million, or nearly Rp 4 trillion at an exchange rate of US$ 1 = Rp 15,138. Production increased by 15.69% year-on-year to 4.7 million MT, while sales surged by 19.81% year-on-year to 4.9 million MT.
KKGI’s total assets in the first nine months of 2024 grew by 11.49% year-on-year, reaching US$ 223.57 million. Its equity also increased by 21.22% to US$ 168.91 million compared to the same period the previous year. The company’s net profit for the first nine months of 2023 saw a significant increase of 39.63% year-on-year, reaching US$ 37.84 million, equivalent to Rp 582,999,275,520, with an exchange rate of Rp 15,138 per US$.
