JAKARTA. PT Eastparc Hotel Tbk (EAST) confirms the plan of interim dividend distribution of IDR 8.06 billion or IDR 1.95 per share.

The plan is in line with the decision made by the board of directors of EAST this week. “It had been approved by the board of commissioners on May 15, 2023,” Muhammad Anis, Director of EAST, said in the information disclosure in Indonesia Stock Exchange (IDX).

For the record, the interim dividend allocated by EAST is equal to its net profit gained in the first quarter of 2023. According to IDNFinancials data, the company scored IDR 8.06 billion of net profit, retained earnings of the same amount, and total equity of IDR 248 billion.

The interim dividend will be given to EAST’s shareholders whose names have been registered by the recording date on May 30, 2023. The interim dividend will then be disbursed on June 8, 2023.

It is worth mentioning that EAST had just recently channelled out the cash dividend of IDR 29.76 billion for the fiscal year 2022. The dividend was disbursed in two phases: interim dividend of IDR 20.05 billion and final dividend of IDR 9.72 billion. (KR/ZH)