JAKARTA. PT Bayan Resources Tbk (BYAN), a coal mining company owned by Dato’ Low Tuck Kwong, will distribute its interim dividend of USD 500 million or USD 0.015 per share.

Jenny Quantero, Corporate Secretary of BYAN, said that this plan aligns with the decision made by the board of directors a couple of days ago. “It had been approved by the board of commissioners on December 5, 2023,” she added in the information disclosure in Indonesia Stock Exchange (IDX).

Interim dividend will be given to shareholders of BYAN whose names have been listed by the recording date on December 19, 2023. Then, the interim dividend payment will take place on January 5, 2023.

The financial data underlying the allocation of interim dividend is net profit of USD 910.51 million, retained earnings of USD 1.92 billion, and total equity of USD 2.17 billion, all recorded as of September 30, 2023.

According to IDNFinancials data, as of now, BYAN’s market capitalisation is recorded at IDR 628.33 trillion. Its market cap is at the top amongst public companies engaged in the coal sector, and arrives at the third position amongst all listed companies. (KR/ZH)