JAKARTA. PT Astra Otoparts Tbk (AUTO), a spare part manufacturer under Astra Group, will distribute final dividend of IDR 636.2 billion or IDR 132 per share on May 22, 2024.

The final dividend will be paid out to AUTO’s shareholders, whose names have been registered by the recording date on May 13, 2024.

This decision is made based during Annual General Meeting of Shareholders of AUTO held last Friday (26/4). In said meeting, AUTO’s shareholders agreed to allocate 45% of the net profit of 2023 as cash dividend.

Prior to this, AUTO has channelled interim dividend of IDR 192.78 billion or IDR 40 per share in October 2023. Therefore, this brings total cash dividend distribution of AUTO for the fiscal year 2023 to IDR 828.99 billion or IDR 172 per share.

For the record, AUTO reported net profit of IDR 1.84 trillion in 2023. Then, the remaining net profit, after allocating it as cash dividend, will be stored as retained earnings.

“The company does not set up any special reserves, as the amount of minimum special reserves as required in Article 70 of UUPT has been met,” said the management of AUTO in the official disclosure. (KR/ZH)