JAKARTA. PT Trisula Textile Industries Tbk (BELL), a clothing manufacturer under the Trisula Corporation Group, will distribute cash dividends of IDR 2.5 billion.

Heru Jatmiko Harrianto, Director of Administration and Finance of BELL, said that the plan is in accordance with the results of the company's Annual General Meeting of Shareholders (AGM) held on April 22, 2024. During the meeting, shareholders agreed to allocate 28.5% of the net profit for the fiscal year 2023 as cash dividends.

Cash dividends will be paid to BELL shareholders, whose names are recorded on the recording date on May 3, 2024. Meanwhile, the cash dividend payment is scheduled for May 22, 2024.

According to idnfinancials.com data, BELL posted a net profit of IDR 8.76 billion in the 2023 financial year. At the end of the year, the company also had a retained earnings balance of IDR 78.23 billion and total equity of IDR 265.25 billion.

Currently, PT Trisula Internasional Tbk (TRIS) controls 78.54% of BELL shares. Public investors own 16.09% of the shares, PT Henan Putihrai Asset Management 5.22%, PT Trisula Insan Tiara 0.01% and the remaining 0.14% are treasury shares. (KR/LM)