JAKARTA - PT Garuda Metalindo Tbk (BOLT) will channel out cash dividend of IDR 25 per share for the fiscal year 2022, 150% higher than the 2021 dividend of IDR 10 per share. The dividend increase results from revenue and profit growth.

The data received by IDNFinancials on Wednesday (14/6) reveals that the issuer has allocated dividend of IDR 58.59 billion or 73.72% of the net profit in 2022, which amounts to IDR 79.48 billion. The remaining portion, of IDR 16.91 billion, will be allocated to retained earnings, while another IDR 3.97 billion goes to reserve funds.

Last year, the company allocated a cash dividend of IDR 23.47 billion for the fiscal year 2021. The dividend allocation referred to the net profit of IDR 67.29 billion, retained earnings of IDR 229.42 billion, and total equity worth IDR 817.60 billion. (LK/ZH)