JAKARTA. PT Transcoal Pacific Tbk (TCPI), a ship charter and transportation service provider, will distribute cash dividend of IDR 35 billion or IDR 7 per share taken out of its net profit in the fiscal year 2022.

Erizal Darwis, Director of TCPI, confirms that this plan is in accordance with the result of the Annual General Meeting of Shareholders held on June 16, 2023. In this meeting, the shareholders agreed to allocate 32% of the 2022 net profit as cash dividend.

The cash dividend will be disbursed to TCPI’s rightful investors whose names have been listed in the official register by the recording date on June 28, 2023. The cash dividend payment will then be made on July 20, 2023.

According to IDNFinancials data, TCPI scored IDR 108.63 billion of net profit at the end of the fiscal year 2022. It also still held onto its retained earnings of IDR 694.5 billion and total equity of IDR 1.65 trillion.

As of now, 55% of TCPI’s shares are owned by PT Sari Nusantara Gemilang. PT Karya Permata Insani claims another 25%, while public investors share the remaining 20%. (KR/ZH)