JAKARTA. PT Tower Bersama Infrastructure Tbk (TBIG), a telecommunication tower provider, will allocate cash dividend of IDR 683.62 billion from its net profit in the fiscal year (FY) 2023.

Helmy Yusman Santoso, Chief Financial Officer (CFO) of TBIG, mentioned that the amount of dividend is equal to 43.8% of total 2023 net profit. “It follows the result of AMGS on May 30, 2024,” said Santoso in the official statement.

The cash dividend will be paid to TBIG’s shareholders whose names have been listed by the recording date on June 11, 2024. The payment is then due July 3, 2024.

According to IDNFinancials data, TBIG booked net profit of IDR 1.56 trillion in 2023. At the end of the year, the company also held onto its retained earnings of IDR 4.98 trillion, while its total equity clocked up to IDR 12.36 trillion.

TBIG’s shareholders consist of Bersama Digital Infrastructure Asia Pte. Ltd., which has a stock portion of 79.82%, while public investors share the remaining 10.24%. (KR/ZH)