JAKARTA – The dividend of PT Supreme Cable Manufacturing & Commerce Tbk (SCCO) soared 103% to IDR 61.67 billion for the fiscal year (FY) 2023 although the profit slightly declined from 2022.

Risti Saka, Corporate Secretary of SCCO, mentioned that shareholders agreed upon the utilisation of 2023 net profit, consisting of dividend of IDR 75 per share, reserve funds of IDR 7 billion, and the remainder as retained earnings. Its net profit attributable to the parent entity reached IDR 106.46 billion.

The dividend payment is due July 11, while the cum and ex dividend in the regular and negotiation market is set to June 21 and 24. Then, the cum and ex dividend in the cash market will be scheduled to June 25 and 26.

In 2022, this cable manufacturer distributed dividend of IDR 30.87 billion or IDR 150 per share from the net profit attributable to the parent entity of IDR 106.46 billion. The retained earnings were at IDR 72.63 billion, and total equity were at IDR 4.73 trillion. (LK/ZH)