JAKARTA. PT Indo Oil Perkasa Tbk (OILS), a producer and exporter of coconut oil, announced a plan to distribute a cash dividend of IDR 3.09 per share or a total of IDR 1.41 billion.

Johan Widakdo Liem, President Director of OILS, said the plan is in accordance with the results of the Annual General Meeting of Shareholders (GMS) which was held last week. At the meeting, shareholders agreed to allocate 11% of net profit for the 2022 financial year.

Cash dividends will be given to OILS shareholders, whose names are recorded on the recording date on June 9, 2023. Cash dividend payments will be made on June 27, 2023.

According to idnfinancials.com data, OILS recorded a net profit of IDR 12.78 billion in the 2022 financial year. At the end of 2022, the company also has a retained earnings balance of IDR 11.37 billion. Meanwhile, the company's total equity was recorded at IDR 82.79 billion.

Currently, 47.85% of OILS shares are controlled by PT Mandalindo Putra Perkasa. Public investors own 33.05% of the shares, Ghandi Widagdo Sutanto 3.82%, and the rest are owned by several members of the company's board of directors and commissioners. (KR/LM)