JAKARTA – PT Adi Sarana Armada Tbk (ASSA) will distribute interim dividend for the fiscal year 2024, which is its first interim dividend distribution since its debut in Indonesia Stock Exchange (IDX) in 2012.

It is mentioned in the information disclosure quoted today (6/11), ASSA plans to distribute interim dividend of IDR 20 per share, or IDR 73.82 billion, in total.

The interim dividend will then be paid on November 22, 2024, referring to the Official Register of Shareholders recorded by November 18.

It is worth mentioning that in 2023, ASSA finally distributed its final dividend for the first time in 5 years since 2017.

With the upcoming interim dividend distribution, ASSA is seemingly ready to initiate regular dividend distribution in the future for its shareholder, especially with its ever-improving profit.

ASSA indeed reported net profit increasing 79.82% year-on-year (yoy) to IDR 212.67 billion at the end of September 2024. This spike follows the positive trend of ASSA’s net profit at the end of March (3M) and June (6M) of 2024, which soared 37% and 289% yoy, respectively.

In addition, the management also mentioned that ASSA still reported unrestricted retained earnings of IDR 1 billion in September 2024, as well as total equity worth IDR 2.8 trillion.

The cum and ex dividend in the regular and negotiation market will fall on November 14 and 15, followed by the cum and ex dividend in the cash market on November 18 and 19. (ZH)