JAKARTA. PT Teladan Prima Agro Tbk (TLDN), a plantation issuer that listed on the Indonesia Stock Exchange (IDX) last year, announced plans to distribute cash dividends of IDR 175 billion from net profit for the 2022 fiscal year.

The plan has received approval from the TLDN Annual General Meeting of Shareholders (GMS), which was held last Wednesday (3/5). At the meeting, shareholders agreed to allocate 30.5% of net profit for the 2022 fiscal year as cash dividends.

Cash dividends will be given to TLDN shareholders whose names are recorded on the recording date on May 15 2023. Cash dividend payments will be made on May 30 2023. Each holder of 1 share of the company will receive a cash dividend of IDR 13.52.

According to idnfinancials.com data, TLDN recorded a net profit of IDR 573.97 billion in the 2022 fiscal year. The company also has retained earnings that are not restricted for use of IDR 734.5 billion, and total equity of IDR 2.18 trillion.

Currently, 63.39% of TLDN's shares are controlled by PT Teladan Resources. Then Ahmad Gunung owns 16.22%, Wishnu Wardhana has 16.22% shares, Wiwoho Basuki Tjokronegoro 0.17%, and the remaining 4% is owned by public investors. (KR/LM)