JAKARTA. PT Primadaya Plastisindo Tbk (PDPP), a plastic manufacturer for various packaging products, will distribute a cash dividend of IDR 6.74 billion or IDR 2.69 per share.

Kennie Angesty, President Director of PDPP, conveyed the plan in accordance with the resolutions of the Annual General Meeting of Shareholders (GMS), which was held a few days ago. At the meeting, shareholders agreed to allocate 32.7% of net profit for the 2022 fiscal year as cash dividends.

The cash dividend will be distributed to PDPP shareholders, whose names are recorded on the recording date on 19 June 2023. The dividend payment is scheduled to take place on 7 July 2023.

According to idnfinancials.com data, PDPP recorded a net profit of IDR 20.59 billion in the 2022 fiscal year. At the end of the year, the company also had a retained earnings balance of IDR 39.84 billion. Meanwhile, the company's total equity was recorded at IDR 357.72 billion.

PDPP began being listed as a member of the Indonesia Stock Exchange (IDX) on November 9, 2022. In the initial public offering (IPO) that was held, the company raised fresh funds of up to IDR 100 billion. (KR/LM)