JAKARTA. PT Mitra Investindo Tbk (MITI), an oil and gas company established circa 1994, announces its plan to share cash dividend of IDR 5.31 billion, taken out of its 2022 net profit.

Said plan aligns well with the result of the Annual General Shareholders Meeting of MITI held last week. In said meeting, the shareholders agreed to allocate 34.8% of the net profit gained in 2022 as cash dividend.

For every one unit of share, the shareholder of MITI will receive a dividend IDR 1.15. The dividend will be distributed to those registered as official shareholders by the recording date on June 7, 2023. The cash dividend will then be disbursed on June 22, 2023.

According to IDNFinancials data, MITI managed to score IDR 15.25 billion of net profit in 2022. The remaining net profit of the company is then allocated to increase its retained earnings.

As of now, PT Prime Asia Capital controls 69.31% of series A shares of MITI. On the other hand, Andreas Tjahjadi has another 7.98% of series B shares, leaving the remaining 17.79% of series B shares and 4.91% series A shares to the public. (KR/ZH)