JAKARTA. PT Triputra Agro Persada Tbk (TAPG), a palm oil and rubber manufacturer established in 2005, announced its cash dividend income from one of its subsidiaries worth IDR 150 billion.

Joni Tieng, Corporate Secretary of TAPG, said that this dividend is secured from PT Union Sampoerna Triputra Persada (USTP). For the record, USTP is a joint venture, owned by the company with an ownership percentage of 50%.

“There is no material impact from the dividend income received from PT Union Sampoerna Triputra Persada and its subsidiaries,” added Tieng in the information disclosure.

According to IDNFinancials data, TAPG recorded total assets of IDR 13.87 trillion in 2023, whereas its equity clocked up to IDR 11.34 trillion. (KR/ZH)