JAKARTA. PT Japfa Comfeed Indonesia Tbk (JPFA) has received approval from its shareholders to distribute a cash dividend of IDR 581.02 billion or IDR 50 per share.

The decision was based on the results of the JPFA Annual General Meeting of Shareholders (AGMS), which was held last Wednesday (5/4) in Jakarta. At the meeting, the shareholders agreed to allocate 40.95% of net profit for the 2022 fiscal year as cash dividends.

Cash dividends will be distributed to JPFA shareholders whose names are recorded on the recording date on April 18, 2023. Furthermore, cash dividend payments will be made on May 3, 2023.

According to idnfinancials.com data, JPFA recorded a net profit of IDR 1.42 trillion in the 2022 financial year. As much as IDR 20 billion of the company's net profit is set aside as a reserve fund, and the remainder is recorded as retained earnings.

As of December 31, 2022, JPFA had an unrestricted retained earnings balance of IDR 9.88 trillion. Meanwhile, the company's total equity was recorded at IDR 13.65 trillion.

Currently, 55.43% of JPFA's shares are controlled by Japfa Ltd. Then public investors own 43.66% shares and the remaining 0.91% shares are treasury shares. (KR/LM)