JAKARTA. PT Petrosea Tbk (PTRO), a coal mining company established circa 1972, announced its plan to distribute cash dividend of USD 76 million.

Anto Broto, Corporate Secretary of PTRO, said that this plan aligns well with the result of the Annual General Shareholders Meeting held earlier this week. In said meeting, the shareholder approved the decision to allocate the cash dividend of USD 0.07664 per share.

The cash dividend will be disbursed to PTRO’s shareholders whose names have entered the official list by the recording date on May 26, 2023. Then, the dividend payment will take place on May 31, 2023.

According to IDNFinancials record, PTRO booked USD 40.92 million of net profit in the fiscal year 2022. At the end of last year, the company still held onto retained earnings of USD 274.39 million, while its total equity clocked up to USD 297.99 million.

As of now, approximately 89.80% of PTRO’s shares are under the control of PT Caraka Reksa Optima, leaving another 10.20% to public investors. (KR/ZH)